Unsold Lottery Ticket Prize Money Classified as Income, Taxable u/s 115BB of the Income Tax Act. https://www.taxtmi.com/highlights?id=18444 Nature of income – Prize money received on unsold tickets – prize won on such tickets amounts to income by way of winnings from lottery - The provision of Section 115BB of the Act is fully applicable - HC en-us Tue, 06 May 2014 15:50:04 +0530 Tue, 06 May 2014 15:50:04 +0530 TaxTMI RSS Generator Unsold Lottery Ticket Prize Money Classified as Income, Taxable u/s 115BB of the Income Tax Act. https://www.taxtmi.com/highlights?id=18444 Nature of income – Prize money received on unsold tickets – prize won on such tickets amounts to income by way of winnings from lottery - The provision of Section 115BB of the Act is fully applicable - HC Highlights Income Tax Tue, 06 May 2014 15:50:04 +0530 https://www.taxtmi.com/highlights?id=18444