STUDY MATERIAL FOR INCOME TAX LAW PRACTICE

However, certain incomes will always be taxable under the head of 'income from other sources', inter-alia, winning from lotteries, gifts,

STUDY MATERIAL FOR INCOME TAX LAW PRACTICE 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

However, certain incomes will always be taxable under the head of 'income from other sources', inter-alia, winning from lotteries, gifts,

winning powerball numbers for july 6th 2024 Under this heading, income from savings bank account interest, fixed deposits and lottery winnings are taxable Income Tax Rates Individuals with an annual

income under salary head The salary you receive consists of components like Various instruments offer tax-saving benefits to further lower your taxable

winning from lottery is taxable under which head of income The taxable income cannot be categorised under any other head of income Casual income includes winnings from lotteries, crossword

Winnings from lottery are flat taxable at the rate of 30% under income Income from lottery is taxed under the head income from other sources