winning from lottery is taxable under which head of income
Income Tax: introduction: Overview -
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section winning from lottery is taxable under which head of income It includes interest income, rental income, dividends, gifts, lottery winnings, and more Is commission income taxable under this head? Yes,
winning from lottery is taxable under which head of income A holder of a winning cash ticket from a Kentucky lottery game shall claim a under that subsection would be subject to an immediate income tax liability Under this heading, income from savings bank account interest, fixed deposits and lottery winnings are taxable Income Tax Rates Individuals with an annual The interest income earned must be declared under the head 'Income from Other Sources' Yes, the winnings from a lottery are taxable under the applicable rate
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