winning from lottery is taxable under which head of income
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 In this video we have discussed special taxation under income tax in case of Lottery or Game winning from lottery is taxable under which head of income Income from winnings of a lottery, horse race, gambling, etc under the Head under which income to be taxed ; Cost of
winning from lottery is taxable under which head of income How Are Lottery Winnings Taxed? The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize File ITR-4 Online FAQs · winnings from lottery; · activity of owning and maintaining race horses; · income taxable at special rates us115BBDA or Section
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