winning from lottery is taxable under which head of income
Personal Income Tax
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income Taxation of Winnings from Lottery, Game Shows, Puzzles winning powerball ticket sold in sun valley Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries
winning from lottery is taxable under which head of income b) The salary of is taxable under the head 'Salaries' c) Expenses on purchasing lottery tickets are deducted out of lottery income d) Loss from lottery Individuals earning rental income are subject to taxation under this head lottery winning are considered as income from other sources Taxpayers and No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?