https://www.taxtmi.com/manuals?id=7995 Any winnings from lotteries, crossword puzzles, races including horse races, card games, other games, gambling or betting are taxable as Income from Other Sources. The note distinguishes between the Income Tax Act, 2025 and the Income Tax Act, 1961, and states that online gaming winnings are taxed at 30% on net winnings with corresponding TDS at 30%. For winnings other than online gaming, taxation and TDS are also stated at 30%. The note further records case-law principles on what does and does not constitute winnings from a lottery. en-us Fri, 19 Jun 2026 12:34:00 +0530 Fri, 19 Jun 2026 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7995 Any winnings from lotteries, crossword puzzles, races including horse races, card games, other games, gambling or betting are taxable as Income from Other Sources. The note distinguishes between the Income Tax Act, 2025 and the Income Tax Act, 1961, and states that online gaming winnings are taxed at 30% on net winnings with corresponding TDS at 30%. For winnings other than online gaming, taxation and TDS are also stated at 30%. The note further records case-law principles on what does and does not constitute winnings from a lottery. Manuals Income Tax Fri, 19 Jun 2026 12:34:00 +0530 https://www.taxtmi.com/manuals?id=7995