TDS Refund on winning prize in KBC under Sec .194B

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  1. My Friend Won Prize Rupesss 100000 from KBC, He received prize amount(69100) after deducting TDS(U/s 194B) 30.9%,(30900),

    Now He Wanted to take refund TDS(30900) amount,,,, whether he can take refund after filling His ITR ,,, Or Not

    If Yes Or Not

    Harsh Wadhwa likes this.
  2. Harsh Wadhwa

    Harsh Wadhwa New Member

    Tds on lottary u/s 194b is a special rate @ 30%, this is not refundable even if your income does not exceed maximum income chargable to tax,,,, in your case your friend can take the benefit of rebate of Rs 2000 u/s 87a and claim the refund of Rs 2000+60=2060 approx. as per computation......

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    Last edited: Nov 4, 2014
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