Art, asked by kamranrasheed105, 1 year ago

Give more examples of casual income

Answers

Answered by Anonymous

There cannot be loss from casual income . Income received from winning lotteries, crosswords, puzzles, card games, horse race, gambling, betting or any other games is known as casual income. Casual Income is taxed at a flat rate of 30%. No expenditure is allowed as a deduction from casual income

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