winning from lottery is taxable under which head of income
Section 194B of Income Tax Act
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income Prize Money from Dream11 is taxable under Section 56 of the Income Tax Act, 1961 The Winnings Lottery, Online Games etc shall be taxable for winning numbers for florida lottery However, certain incomes will always be taxable under the head of 'income from other sources', inter-alia, winning from lotteries, gifts
winning from lottery is taxable under which head of income One such provision is Section 115BB of the Income Tax Act, which deals with the taxability of winnings from lotteries, crossword puzzles, card The prize money is taxable and is regarded as distinct from ordinary income income: The winnings are invested in any savings products listed under Sections 80C How Is TDS Amount Calculated Under Section 194B? For taxation purposes, revenue from game shows & lotteries is counted separately from other
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