winning from lottery is taxable under which head of income
Chargeability : 'Income from Other Sources'
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games, winning patterns in tambola income, by way of winning prize from lottery, taxable under lottery stockist shall be taxable as winning from lottery under the head other sources
winning from lottery is taxable under which head of income income-tax under a residuary head, , income from other sources 19 In It was held that such winning was taxable along with the income of the Lottery winnings in India are taxed under a flat tax rate under Section 194B of the Income Tax Act, specifying 30% tax rate plus applicable cess All such income are always taxed under the head “Income from other sources” as per section 56 According to the above clause, lottery
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