Tax on gold winning in Australia
This query is : Resolved
13 February 2020
What is tax liability of Indian resident, if he won home gold in Australia lottery. Is he can maintain this gold in Australia and bring only the amount which he needs in India. How much tax he needs to pay, if he brings only partial gold to India.
Winning gold in lottery in Australia is tax free.
Winning gold in lottery in Australia is tax free.
14 February 2020
for resident individual, his income across the world is taxed in India. If the tax is deducted from this lottery in Australia, you can claim double taxation benefit
14 February 2020
Since Australia is not charging any tax on lottery. So, is anyone needs to pay tax in India before claiming this price or he can maintain this as his foreign income without paying any Tax in India
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
