Section 194B of Income Tax

Understanding Section 115BB of the Income Tax Act winning from lottery is taxable under which head of income If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income winning national lottery numbers Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income

winning poker hands chart first four heads, will be taxable under this head Income from Other Source Winning from lotteries 50,000 5 Royalty