Understanding Section 194B of the Income Tax Act

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No Tax Refund on the TDS: Usually, the taxpayers are subject to a tax refund in case the TDS portion is more than their tax liability for a

refund and paid I want to correct this mistake and show this amount under TDS and delete from ADVANCE TAX so that the refund can be reprocessed No, you cannot claim a refund of TDS under Section 194B, as it is a straight income tax on the income of the assessee Should tax be deducted

guru purnima 2024 drawing TDS of 30% will be applicable The Refunds cannot be claimed for TDS payments made under Section 194B  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