We are enjoying tax exemption. we always claim refund of TDS deducted.
One of our client/customer deducted TDS and filed it in TDS return under section 194BB. We know this by 26AS.
Now plz tell me can we claim refund of this TDS??
CA Saagar K (student) (250 Points)
18 December 2013We are enjoying tax exemption. we always claim refund of TDS deducted.
One of our client/customer deducted TDS and filed it in TDS return under section 194BB. We know this by 26AS.
Now plz tell me can we claim refund of this TDS??
Kapil Rao
(CA Final MCOM (Accountancy))
(804 Points)
Replied 18 December 2013
No. Income from Winning of Horse races and Lottery Ticketting is not liable for refund
Ajay
(CA Job)
(512 Points)
Replied 18 December 2013
Why don't you ask your client to revise his e-TDS return well before you file your ITR and the you can make proper claim?
CA Saagar K
(student)
(250 Points)
Replied 18 December 2013
Thnx Kapil Thnx Ajay... will do the same thing..........
veerendra
(Student)
(21 Points)
Replied 18 December 2013
ca
(student)
(39 Points)
Replied 18 December 2013
suraj
(CA)
(40 Points)
Replied 18 December 2013
Ajay
(CA Job)
(512 Points)
Replied 18 December 2013
Dear Suraj Sir
Would that be the right procedure in this case? I feel when you claim TDS, the corresponding income would have to offerred in the same return. In this case, the TDS was deposted against wrong section. That is, here, if they claim the TDS as per Form 26AS, then they have to offer the corresponding income as Income from Race Horses? Then, don't you think it is better to get the e-TDS return rectified. Pls elaborate.
Regards
Ajay
CA Saagar K
(student)
(250 Points)
Replied 19 December 2013
what does it mean if in 26AS Section column is blank?
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