alleryStart learning →Expenditure against lottery winnings under other sources is?
ADeductible if reasonable
BNot deductible at all
CDeductible up to 30 percent
DDeductible if documented
Answer & Solution
Correct answer: B. Not deductible at all
Section 58(4) allows no deduction of any expenditure or allowance against winnings from lotteries and similar activities.
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