banner_ad

Computation of tax liability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 November 2014 LONg term capital gain- 20000 short term capital gain 111A- 10000 business income- 20000 winning from lottery - 5000 what is tax liability if assesse age is 40???
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
29 November 2014 tax to be paid on lottery income @ 30% . other income below rs. 200000/- then no tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details