Taxability of lottery income
BISWAJIT PRADHAN (243 Points)
11 September 2021If no other conditions are there?
Again, If a Resident HUF or Company or any other body earns lottery prize of Rs.1,00,000 and Commission paid to lottery agent is Rs.30, 000. If both the lottery organizer and agent is government sponsored then this Rs.30,000 in lieu of commission paid is deductible or not?