Just a moment...

⚠✕
❮ Top
FeedbackReport
☰
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :

Print Options

+ Post a Query
Post a New Query ✕
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search ❮
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID :
PrevPreviousNextNext

Lucky draw winning taxes regardings

Subrata DebBarma

Sir.. yesterday I won a lucky draw in a shopping mall. The prize is a car worth amounting ₹ 7.4 Lakhs.

I would like to know.. what are the taxes.. I will have to pay? (To get the prize)

Regards

Subrata

Debate on Tax Implications for Lucky Draw Car Prize: Is it a Lottery Service or GST-Free? An individual inquired about the taxes applicable on winning a car worth 7.4 Lakhs from a lucky draw at a shopping mall. One respondent opined that since the car manufacturer pays GST, the winner should not owe GST on the prize. Another agreed with this view, while a third respondent argued that the prize could be considered taxable as a lottery service, suggesting it involves elements of a lottery. The discussion reflects differing interpretations of tax obligations on such winnings under Indian law. (AI Summary)
Other Topics
answers
Sort by
+ Add A New Reply
Hide
+ Add A New Reply
Hide
Recent Issues