Income Tax Law and Accounts 2023-24

winning from lottery is taxable under which head of income
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The money earned from such game shows is taxable under Section 56 and is to be disclosed under head “Income from Other Sources” at the time of filing of

Step 2: Calculate Net Taxable Income · Section 80C Both individuals and HUF members can avail of tax deductions up to Rs lakh under Section 80C · Section 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

slot online 4d Prize Money from Dream11 is taxable under Section 56 of the Income Tax Act, 1961 The Winnings Lottery, Online Games etc shall be taxable for No matter the winner's income tax level, Section 194B of the Income Tax Act, 1961 mandates that any prizes over Rs 10,000 from games, TV shows,