Unsold Lottery Ticket Prize Money Classified as Income, Taxable u/s 115BB of the Income Tax Act.

Nature of income – Prize money received on unsold tickets – prize won on such tickets amounts to income by way of winnings from lottery - The provision of Section 115BB of the Act is fully applicable - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X