winning from lottery is taxable under which head of income
Income Tax Law and Accounts 2023-24
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income Income Tax on winning from Lottery Crossword Puzzles Games shows & Race Horses etc will be taxable under the head “Income from Other Sources” winning lottery in dream However, certain incomes will always be taxable under the head of 'income from other sources', inter-alia, winning from lotteries, gifts
winning from lottery is taxable under which head of income 50,000 in a financial year Point to note: If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under are chargeable to tax under Section 56 under the head 'ncome from other sources' 1 Special rate of Income-tax in case of winnings from lotteries, crossword The money earned from such game shows is taxable under Section 56 and is to be disclosed under head “Income from Other Sources” at the time of filing of
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