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winning from lottery is taxable under which head of income

winning from lottery is taxable under which head of income

Understanding Section 57 of Income Tax Act winning from lottery is taxable under which head of income ITR-2 Form · Income from Salary or Pension · Income from House Property · Income from Capital Gains · Income from Other Sources ( winning from lottery tax rate All such income are always taxed under the head “Income from other sources” as per section 56 According to the above clause, lottery

winning pennsylvania lottery numbers Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' winner's total annual income falls

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