winning from lottery is taxable under which head of income
Income Tax Office
winning from lottery is taxable under which head of income
website winning from lottery is taxable under which head of income winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE; winning gopher 5 numbers Section 2 includes within the scope of the term 'income' any winnings from lotteries, crossword puzzles, races, card games and other
winning from lottery is taxable under which head of income Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries As a result, the taxpayer cannot deduct anything from gains that are taxable under Chapter VI A of the Income Tax Act (Section 80C, Section 80D, Consequently, gambling gains are Part B income, taxed at 5% Massachusetts law adopts the deductions permitted under section 62 of the Internal Revenue Code,
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