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CS Executive · Tax Laws and Practice · Income from Other Sources

Under the Income-tax Act, 2025 (applicable from the June 2027 session), Mr. Arun Mehta, a salaried individual, wins Rs. 2,40,000 in a television game show where participants compete to win prizes. Under which head is this receipt chargeable?

The winnings are chargeable under Income from other sources. The Act specifically lists winnings from games of any sort, and its definition of card game and other game includes television game shows where people compete for prizes, so the Rs. 2,40,000 falls under that head.

  1. ASalaries
  2. BProfits and gains of business or profession
  3. CCapital gains
  4. DIncome from other sourcesCorrect

Explanation

Section 92(2)(b) lists winnings from card games and other games of any sort as income from other sources. Section 92(5)(b) clarifies that such games include game shows and television programmes where people compete to win prizes. So the Rs. 2,40,000 is taxed under Income from other sources, not as salary or business income.

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