Tds ducted under section 194b
11 months ago
I won 1 lakh in poker and when i withdrawal around 31k tds deducted under section 194b and i received 69 k in my account.
My question is that at end of financial year i lost all my winning and now i am in net loss , can i get this 31k tds refund.
A.Dear Sir,
The question purely related to Income Tax and Finance matters as such you may contact any chartered accountant or auditor for effective answer.
The question purely related to Income Tax and Finance matters as such you may contact any chartered accountant or auditor for effective answer.
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A.Hello,
No, the TDS paid for winnings from lotteries and game shows are non-refundable. Usually, taxpayers can claim a refund if the TDS deduction is more than their tax liability in an assessment year. That said, for lottery winnings, you cannot claim any refund.
No, the TDS paid for winnings from lotteries and game shows are non-refundable. Usually, taxpayers can claim a refund if the TDS deduction is more than their tax liability in an assessment year. That said, for lottery winnings, you cannot claim any refund.
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