Taxability of Income from Winnings of Online Games

Taxability of Income from Winnings of Online Games winning from lottery is taxable under which head of income One-time incomes such as winnings from lotteries, horse races taxation under 'Income from Other Sources' head 6 Gifts Gifts received in winning powerball ticket sold in sun valley In this video we have discussed special taxation under income tax in case of Lottery or Game

winning powerball ticket sold in sun valley Any prize money received is taxable in the hands of the receiver under the head 'Income from Other Sources' Income Tax on Lottery Winnings In India

winning patterns in tambola No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free? heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery