TDS CREDIT RECEIPT

This discussion explores whether individuals can receive credit for Tax Deducted at Source (TDS) on prize money received from a government agency. While TDS is typically deducted at 30% on such winnings, you can claim this as a credit against your total tax liability when filing your Income Tax Return (ITR), provided it's reflected in your Form 26AS. However, eligibility for a refund depends entirely on your overall income and applicable tax calculations.