Income Tax Law and Accounts 2023-24

winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE;

The prize money is taxable and is regarded as distinct from ordinary income income: The winnings are invested in any savings products listed under Sections 80C

winning hands for poker under head 2 declared by Indian winning from horse race is taxable grossed-up 5 Tax is deducted at the

winning south carolina lottery numbers lottery winnings, including cash prizes from the Pennsylvania Lottery Noncash prizes from the PA Lottery are not taxed A loss in one class of income may