Sir/Madam,
Can I get credit of TDS deducted on price money given by a government agency in anyway. please reply.
thanks in advance
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TDS CREDIT RECEIPT
Replies (5)
You have to pay 30% on prize money from govt agency irrespective of basic exemption limit hence you can't get refund of TDS deducted.
May I know what kind of prize money I mean why they have given you??
May I know what kind of prize money I mean why they have given you??
30% tax will be deducted on prize money. While filing ITR you can get credit of TDS as per 26AS
Yes you can get the credit of tds if shown in 26AS but refund depends upon your Total Income.
Yeah refund is subject to your total income a and rebate u/s 87A.
It would be clear only when you sit and workout total income and tax calculations.
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