Tax on Lottery Winning in Australia
This query is : Resolved
13 February 2020
What happens if any Indian resident win Lottery in Australia.
In Australia lottery is tax free,
So is he needs to pay tax in India to bring this money to India.
What happens if win some home or Apartment in Australia or What happen if he win Gold in Australia.
In case of home win , he don't have enough money to pay tin Indian tax, so how it will be charged.
I need these details specially when lottery amount is not in Cash. like lottery is in form of Gold or Home or APartment.
In Australia lottery is tax free,
So is he needs to pay tax in India to bring this money to India.
What happens if win some home or Apartment in Australia or What happen if he win Gold in Australia.
In case of home win , he don't have enough money to pay tin Indian tax, so how it will be charged.
I need these details specially when lottery amount is not in Cash. like lottery is in form of Gold or Home or APartment.
14 February 2020
The income from all over the world is taxable in India in the case of resident individual.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
