Income tax
Income tax
File ITR-4 Online FAQs · winnings from lottery; · activity of owning and maintaining race horses; · income taxable at special rates us115BBDA or Section
Deductions from prize winnings from Lotteries and Crossword puzzles under section 194 B of the Income Tax Act, 1961 Deductions from winnings from Horse Races Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries
punjab state dear 50 monthly lottery If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The Income that is not taxable You will not have to pay tax on: lottery winnings and other prizes; some government grants and payments; child support; the tax-free
