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winning from lottery is taxable under which head of income

winning from lottery is taxable under which head of income

How much tax has to be paid on lottery or game show prize money? winning from lottery is taxable under which head of income One-time incomes such as winnings from lotteries, horse races taxation under 'Income from Other Sources' head 6 Gifts Gifts received in winning powerball numbers for july 6th The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section

winning from lottery is taxable under which head of income heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery

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