Income tax
abhishek vats (Mba) (364 Points)
11 July 2017abhishek vats (Mba) (364 Points)
11 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170671 Points)
Replied 11 July 2017
Depends upon the nature of the award........
Generally, such lottery type awards are chargeable at 30% slab rate.
But if No TDS deducted over the award........ better to add it as income from other sources......
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)