Income Tax on winning from LotteryCrossword Puzzle etc
Income Tax on winning from LotteryCrossword Puzzle etc
Winnings from a lottery have a flat % TDS applicable, including surcharge and cess under Section 194B So, winnings of Rs 1 crore will have
income-tax under a residuary head, , income from other sources 19 In It was held that such winning was taxable along with the income of the
winning from lottery is taxable under which head of income ITR-2 Form · Income from Salary or Pension · Income from House Property · Income from Capital Gains · Income from Other Sources (
winning gopher 5 numbers b) The salary of is taxable under the head 'Salaries' c) Expenses on purchasing lottery tickets are deducted out of lottery income d) Loss from lottery
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191.00 ₹ INR
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191.00 ₹ INR
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191.00 ₹ INR
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