Income from playing cards in
a) Casual Income
b) Business Income
c) Professional Income
Answers
Answer:
Casual income is the correct answer u hopee on brain list
Answer:
a) Casual Income
Explanation:
Non-recurring in nature
As its name implies, casual income is one-time only. It's a one-time revenue that is unlikely to happen again in a calendar year. This income is not foreseen nor guaranteed by any contract
As its name implies, casual income is one-time only. It's a one-time revenue that is unlikely to happen again in a calendar year. This income is not foreseen nor guaranteed by any contract. Casual revenues include, for instance, winnings from lotteries, card games, game shows, horse races, crossword puzzles, or any other games. Lotteries provide the potential to earn cash through prizes, random lotteries, or chances.
Card games and other games include any game show, whether it be a show on television or another technological media where contestants compete for rewards. Casual income is unpredictable and variable in frequency. In addition to this, any unforeseen and unplanned source of income is referred to as casual income. Do you have to pay tax on your supplemental income, is the question. Yes, casual income is taxed much like the majority of other sorts of income.
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