B COM SEMESTER 6- MCQ INCOME TAX

You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

There are certain casual incomes such as winning from lotteries, horse races, and other games of gambling or betting in nature which are taxed at a certain flat

winning powerball ticket sold in sun valley heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery

winning powerball numbers for july 6th 2024 Compute taxable income of the current Against item 1d, indicate any other income under the head other sources such as winning from lottery,