Income from Other Sources

Individuals who have opted to be taxed under the Gross Income Based System will pay tax on their assessable income at the following rates: Individuals with

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winning from lottery is taxable under which head of income Any prize money received is taxable in the hands of the receiver under the head 'Income from Other Sources' Income Tax on Lottery Winnings In India

winning powerball numbers july 6th 2024 heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery