Unsold lottery tickets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2011
How will be the income from unsold lottery tickets be taxed in the hands of Lottery Dealer ?
Also, suggest judgments passed and the related issues and sections in this regard..
Also, suggest judgments passed and the related issues and sections in this regard..
26 November 2011
Income from PGBP under section 28(1) of the Income tax Act,1961.
Citation :-
Director of State Lotteries Vs. ACIT (2008) 108 TAXMAN 88 (Gau).
Citation :-
Director of State Lotteries Vs. ACIT (2008) 108 TAXMAN 88 (Gau).
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