Poonawalla fincorps
Poonawalla fincorps

ca-ipcc income tax

This query is : Resolved 
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(Querist)
04 October 2010 if assesse gross total income is rs 160000 including income from lottery then income from lottery would be taxable at 30% or exempt like ltcg under slab of 160000??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
04 October 2010 taxable at 30%
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Ashish Murarka

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Ashish Murarka (Expert)
04 October 2010 Taxable @ 30% irrespective of the fact that LTCG falls under slab of 160000/-
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 October 2010 Agree with experts.

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