Hello,  Please let me know Income Tax treatment for following scenario;  1. The Person has won Lottery of Rs. 10,00,00,000 /- in United States of America, and they have deducted federal tax @ 30% and decided to remitt Rs. 7,00,00,000 /- to that person...  2. The person is Ordinary Resident and he has gone there on Tourist Visa..So he don't have NRE or NRO account as he is not NRI..he was there for 1 month only..  Now below are my questions  A) Can he deposit his foreign currency cheque to his normal Indian saving bank account ?? and if yes then how much days it will take to credit the money in his account ?????  B) What will be the tax treatment.. will he get benefit of Federal tax Deducted at Source by US..as If he shows Income of Rs. 10,00,00,000/- the Indian Income Tax will be around Rs. 3,50,00,000/- and US has already deducted Rs. 3,00,00,000/- so what will be his tax liability??? (Rs.3,50,00,000 - Rs. 3,00,00,000= Rs. 50,00,000/-) OR (Rs.3,50,00,000 + Rs. 3,00,00,000= Rs. 6,50,00,000/-)  C) OR Is he has to pay tax on 7,00,00,000/- i.e 2,48,50,000/- So his total Tax will be Rs. Rs. 3,00,00,000 + Rs. 2,48,50,000 = Rs. 5,48,50,000/-  D) If he gets benefit of Federal tax deduction then how to show in Income Tax return and where is column in Excel file of return to fill the details??  Kindly clarify ASAP..awaiting reply....quick response is expected from you guys.. 

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sIR
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* NOW SHOWING IN ITR
PLSE SUGGEST ME -PRICE TAKEN IN BALANCE .SHEET

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