Amit received ₹70,000 being winnings from lottery after deduction of tax at source. His gross winnings from lottery to be included in the total income is —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Amit received ₹70,000 being winnings from lottery after deduction of tax at source. His gross winnings from lottery to be included in the total income is —
(A) Nil
(B) ₹1,00,000
(C) ₹70,000
(D) ₹30,000.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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