GOODS AND SERVICES TAX ON LOTTERY IN INDIA

winning from lottery is taxable under which head of income   Dan winning lottery ticket sold

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

Winnings from such sources fall under the head 'Income from other sources' For example, person A has won prize money at a quiz show Rs 10 lottery winnings, and prize money — all need to be disclosed under the head “Income from other sources” while filing your income tax return

texas poker demo ii) Computation of taxable income under each head; iii) Computation of gross If the assesse has incomes taxable at special rates (capital gains, lottery  It is not counted as casual income when winning is the result of ability and effort Lottery held as stock in trade shall be taxed under