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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. Arjun Mehta, a resident individual, wins Rs. 2,40,000 from an online card game show on television. Under which head of income is this winning chargeable?

The winning is chargeable under Income from other sources. Section 92(2)(b) specifically covers winnings from card games and other games, and section 92(5)(b) includes television game shows where people compete for prizes, so the Rs. 2,40,000 prize falls under this head.

  1. AProfits and gains of business or profession
  2. BIncome from other sourcesCorrect
  3. CCapital gains
  4. DSalaries

Explanation

Section 92(2)(b) lists winnings from lotteries, crossword puzzles, races, card games and other games of any sort or gambling or betting as chargeable under Income from other sources. Section 92(5)(b) extends 'card game and other game of any sort' to game shows and television entertainment programmes where people compete to win prizes. Treating it as business income is wrong because the winning is specifically listed under this head.

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