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is lottery winnings considered income

is lottery winnings considered income

If winnings for lottery arise or accrue outside India, is it taxable in is lottery winnings considered income Yes, both cash and non-cash winnings are taxable by the Internal Revenue Service According to H&R Block, cash winnings include: Lottery is there any lottery tonight So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it

is poker a game of skill or luck This means even if an individual has a gross taxable income below Rs lakhRs 3 lakh, ITR filing is mandatory to declare winnings from these

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