Complete Guide to Income from Other Sources Under Indian Tax Laws

Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income

Complete Guide to Income from Other Sources Under Indian Tax Laws Everyone wants to win a lottery and live life happily ever after But Taxation of Lottery was done under two tax brackets 12% and 28% Goods and

Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income

winning patterns in tambola Tax treatment of winnings Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare

Income from house property: Under this head of income, rental income from real estate is taxable income, and lottery winnings Tax

winning gopher 5 numbers According to the Income Tax Act, 1961, any income by way of winnings from any lottery, crossword puzzle, card game, or other game of any sort is taxable under

taxed and reported under the heading income from other sources Here are a few typical examples of taxable awards: Wisden Cricketer Award