Income Tax on winning from LotteryCrossword Puzzle etc

winning from lottery is taxable under which head of income
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Income from other sources: Any income that does not fall under any of the four heads of income above is taxed under the head income from other

Prize Money from Dream11 is taxable under Section 56 of the Income Tax Act, 1961 The Winnings Lottery, Online Games etc shall be taxable for There are certain casual incomes such as winning from lotteries, horse races, and other games of gambling or betting in nature which are taxed at a certain flat

national lottery times In conclusion, it is important to remember that the majority of sizable prize money and gifts are subject to taxation under the Income Tax Act, Who Should Pay Income Tax On The Prize Money? Any prize money received is taxable in the hands of the receiver under the head 'Income from Other Sources'