Tax on Lottery Winning in Australia
This query is : Resolved
13 February 2020
What happens if any Indian resident win Lottery in Australia.
In Australia lottery is tax free,
So is he needs to pay tax in India to bring this money to India.
What happens if win some home or Apartment in Australia or What happen if he win Gold in Australia.
In case of home win , he don't have enough money to pay tin Indian tax, so how it will be charged.
I need these details specially when lottery amount is not in Cash. like lottery is in form of Gold or Home or APartment.
In Australia lottery is tax free,
So is he needs to pay tax in India to bring this money to India.
What happens if win some home or Apartment in Australia or What happen if he win Gold in Australia.
In case of home win , he don't have enough money to pay tin Indian tax, so how it will be charged.
I need these details specially when lottery amount is not in Cash. like lottery is in form of Gold or Home or APartment.
Amol S Joglekar
(Expert)
14 February 2020
The income from all over the world is taxable in India in the case of resident individual.
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