winning from lotteries, card games etc are to be treated as income. is it true or false
Answers
Answered by
3
Casual income. Casual income means income in the nature of winning from lotteries, crossword puzzles, races including horse races, card games and other games of any sort, gambling betting etc. Such winnings are chargeable to tax at a flat rate of 30% under section 115BB.
Hope it will help you.
Mark it as brainliest answer.
Similar questions