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 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 winning powerball numbers for july 6th India follows a progressive tax system to ensure fair taxation This means only the part of your taxable income that falls under a higher tax slab gets taxed at
winning from lottery is taxable under which head of income There are certain casual incomes such as winning from lotteries, horse races, and other games of gambling or betting in nature which are taxed at a certain flat 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 taxable goods or services into Kenya While companies & partnerships can Any income that is subject to a final withholding tax under the Income Tax Act
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