winning from lottery is taxable under which head of income
Tax Deducted at Source : What is TDS, Meaning, Rates
Tax Deducted at Source : What is TDS, Meaning, Rates
Tax Deducted at Source : What is TDS, Meaning, Rates winning from lottery is taxable under which head of income Winnings from such sources fall under the head 'Income from other sources' For example, person A has won prize money at a quiz show Rs 10 winning from lottery tds rate 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 tds rate Some examples of income from other sources include interest gained from bank deposits, winning in the lottery, or even any sum of money which is more than Rs
winning lottery sambad Section 56- Table Incomes under 'Income from Other Sources' Here's a list of taxable income under the head “Income from other sources”: Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal