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Lottery winnings

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20 January 2011 If an Indian wins a lottery of foreigh country & transfers that winnings to India. What is the tax he has to pay.
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
20 January 2011 I assume that he is Resident and Ordinary Resident during the previous year therefore treatment will be same as given under income tax act, i.e., Income From Other Sources, special income and tax rate will be 30%.

Regards!!!
Dinesh S. Adhikari

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