Tax on gold winning in Australia
This query is : Resolved
13 February 2020
What is tax liability of Indian resident, if he won home gold in Australia lottery. Is he can maintain this gold in Australia and bring only the amount which he needs in India. How much tax he needs to pay, if he brings only partial gold to India.
Winning gold in lottery in Australia is tax free.
Winning gold in lottery in Australia is tax free.
14 February 2020
for resident individual, his income across the world is taxed in India. If the tax is deducted from this lottery in Australia, you can claim double taxation benefit
14 February 2020
Since Australia is not charging any tax on lottery. So, is anyone needs to pay tax in India before claiming this price or he can maintain this as his foreign income without paying any Tax in India
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