27 March 2023
with further reference to the original query dated 2017, it would be appreciated if the following possibility can be responded to: supposing an individual who is a foreign national, buys at the request of a resident Indian, a foreign lottery which earns a prize, what would be the position. can the winnings be transferred to the Indian resident by normal banking channels and the individual can then pay the Income Tax at the prescribed rate? Some information on exact procedure would be welcome.
27 March 2023
Yes, the money can be transferred through normal banking channel and individual can pay income tax relief for any tax deducted outside India can be claimed.
CAclubindia
