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Tax on lucy draw

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HEMANT JAIN

HEMANT JAIN (Querist)
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08 August 2017 If someone won a car in lucy draw organised by his supplier than how it will be taxed ?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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08 August 2017 It is charged@30%. Same is shown as income from other sources.

Satish Narayan ACMA

Satish Narayan ACMA (Expert)
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09 August 2017 Agree with CA Rashmi Gandhi

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 August 2017 Please read the writing in https://www.filereturn.com/tds-on-lottery-winnings-section-194b with particular reference to last sub heading.

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