Tax filing: Don't forget to declare income from 'other sources' when
Tax filing: Don't forget to declare income from 'other sources' when
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winning from lottery is taxable under which head of income
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The money earned from such game shows is taxable under the Head of Other sources Q- How much tax is paid for a 5 crore lottery? The entire
There are certain casual incomes such as winning from lotteries, horse races, and other games of gambling or betting in nature which are taxed at a certain flat Income from Other Sources is one of the five heads of income Any income that is not specifically taxable under any other head of income
lottery nc pick 3 winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE; The liability for deduction of income-tax at source under Section 194B of the Income-tax Act, 1961 , rests with the petitioner and the