Question

I. Winnings from lottery 1,00,000
II. Amount received from horse race winnings 35,000
III. Gift received ::

14 Apr 2018
Answer :
Word Count : 99
I. Winnings from lottery: ₹1,00,000 (fully taxable under “Income from Other Sources”) II. Amount received from horse race winnings: ₹35,000 (taxable under “Income from Other Sources”) III. Gift received: As per Income
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