Section 194B of Income Tax Act

Section 194B of Income Tax Act 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 from lottery is taxable under which head of income Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income

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 powerball numbers for july 6th These winnings are taxed under section 115BBJ of the Income Tax Act, 1961 under the head of income 'Income from other Sources' in the ITR  heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery