Question ID : 545
Prize amount taxability
One of my client has won a two wheeler worth Rs. 40000 a draw news paper yearly subscription
he is gettg amount Cash (by DD) after deductg TDS @ 30 % (+ EC)
As per come Tax prov. it has to be taxed @ 30 % special rate. Now my quion is that if assessee has other come of only say Rs. 10000.
Whether assessee can get full refund of TDS because his total come is below limit. '
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