Lottery winnings
This query is : Resolved
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.
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
Regards!!!
Dinesh S. Adhikari
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