Lottery Winnings

Lottery Winnings income tax on lottery
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income tax on lottery The taxability of any income in India depends on the residential status of the person If a person is a resident of India, his entire income

income tax on lottery winnings Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income