• Sep 05, 2026
• 6 min read

Tax Treatment of Souvenirs, Awards, and Lottery Winnings in Your Income Tax Return Filing

Learn the tax treatment of souvenirs, awards and lottery winnings during income tax return filing, including Section 115BB, TDS and deductions.

Winning a prize, receiving an award, or getting a souvenir can be exciting—but the tax treatment may not always be as straightforward. During income tax return filing, many taxpayers are unsure whether such receipts are taxable, where they should be reported, and whether they can claim expenses against them. If...

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