winning from lottery is taxable under which head of income
Lottery Winnings
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income Winnings from lottery are flat taxable at the rate of 30% under income Income from lottery is taxed under the head income from other sources winning powerball numbers for july 6th A holder of a winning cash ticket from a Kentucky lottery game shall claim a under that subsection would be subject to an immediate income tax liability
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, heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery Winnings from a lottery have a flat % TDS applicable, including surcharge and cess under Section 194B So, winnings of Rs 1 crore will have
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