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Taxability of lottery received from outside India

Suleman Sab (5 Points)

21 July 2021  
Is lottery amount received from outside India taxable in India?

 4 Replies

Yoga M. (99 Points)
Replied 21 July 2021

Who received

it is depends upon case to case that is whether the receiving person is resident or non resident

Suleman Sab (5 Points)
Replied 21 July 2021

The person receiving lottery amount is an individual senior citizen & wholly resident in India.

CA Rashmi Gandhi (Chartered Accountant) (58998 Points)
Replied 22 July 2021

Than lottery amount will be taxable @ 30%

Sourav (Student) (23887 Points)
Replied 22 July 2021

Lottery income taxed @ 30% plus cess

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