Taxation Law & Accounts including T For B Com Semester VI of
Taxation Law & Accounts including T For B Com Semester VI of
income tax on lottery winnings in india
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In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any
In India, winnings from lotteries, horse races, and other similar activities are taxable However, under current tax legislation, these profits are taxed
income tax on lottery winnings in india India Interest from others 7 Interest from income tax refund 8 Rent on plant & machinery 9 Winnings from lottery or crossword puzzle us
income tax on lottery winnings As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of
