Nature of income – Prize money received on unsold tickets – ...

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

May 6, 2014

Case Laws Income Tax HC

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

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Nature of income – Prize money received on unsold tickets – ...

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

May 6, 2014

Case Laws Income Tax HC

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