Income Tax on winning from LotteryCrossword Puzzle etc

winning from lottery is taxable under which head of income   Dan winning gopher 5 numbers

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

taxed and reported under the heading income from other sources Here are a few typical examples of taxable awards: Wisden Cricketer Award How to report gambling income All gambling winnings are taxable including, but not limited to, winnings from lotteries, raffles,

big daddy big small pdf ITR-2 Form · Income from Salary or Pension · Income from House Property · Income from Capital Gains · Income from Other Sources ( Consequently, gambling gains are Part B income, taxed at 5% Massachusetts law adopts the deductions permitted under section 62 of the Internal Revenue Code,