Although income by way of winnings from lotteries, crossword puzzles, horse races, card games form part of Gross Total Income but these are taxed at a special rate of 30%.
What is the tax rate on winnings from lotteries, card games, horse races, etc?
About myITreturn.com
myITreturn.com is India's leading Tax and Compliance solutions provider. Our solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
Income-Tax Return Filing | Notice Assistance | TDS Software | TDS Outsourcing | Form-16 Software
For the latest news and insights on taxation, follow us on social media:
LinkedIn | Facebook | Instagram | Twitter | YouTube | Threads | WhatsApp (myITreturn | eTDS ZIP)
Comments
0 comments
Please sign in to leave a comment.