Income Tax on Winning Lottery, Game Shows, Awards, and Prizes

Income Tax on Winning Lottery, Game Shows, Awards, and Prizes winning from lottery is taxable under which head of income However, certain incomes will always be taxable under the head of 'income from other sources', inter-alia, winning from lotteries, gifts winning lottery ticket hackerrank solution Under the I-T Act, for the computation of total income, the income of an assessee is classified into five different heads of income

winning lottery ticket hackerrank solution 50,000 in a financial year Point to note: If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under

winning lottery numbers pa For NRIs, lottery winnings are also taxed at a flat rate of 30% under the category 'Income from Other Sources ' The Income Tax on winning from Lottery Crossword Puzzles Games shows & Race Horses etc will be taxable under the head “Income from Other Sources”