Income from other sources

winning from lottery is taxable under which head of income
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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

For NRIs, lottery winnings are also taxed at a flat rate of 30% under the category 'Income from Other Sources ' The Winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature

karunya lottery result kr 627 Any payment made under the five heads of income or as specified under the Income Tax Act, 1961 requires you to deduct TDS This provision does not apply to It's also important to note that just like income tax, prize money must be claimed on your tax return, and winnings must be noted on IRS Form 1099-MISC the year