Babu Lai won a prize of ₹ 1,00,000 in Rajasthan State Lottery and the Lottery Department paid him an amount of ₹ 70,000 after deduction of tax at source of 130,000. He had purchased lottery tickets for ₹ 8,000.The amount chargeable to tax in the hands of Babu Lai under other sources shall be:

🎲 Try a Random Question  |  Total Questions in Quiz: 19  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CS Executive Practice Test: Income from Other Sources – CS Executive Tax Laws — practice the complete quiz, review flashcards, or try a random question.


Babu Lai won a prize of ₹ 1,00,000 in Rajasthan State Lottery and the Lottery Department paid him an amount of ₹ 70,000 after deduction of tax at source of 130,000. He had purchased lottery tickets for ₹ 8,000.<br />The amount chargeable to tax in the hands of Babu Lai under other sources shall be:






ADVERTISEMENT