TDS and Income Tax rates on winnings from Lottery and Game Shows

TDS and Income Tax rates on winnings from Lottery and Game Shows income from winning of lottery is taxable under
➡️【Mk.com】✅The best online casino in Indian rupees,✅providing top real money games such as slots, roulette and Andar Bahar.✅  Amount of prize received on unsold lottery tickets by a lottery stockist is an income, by way of winning prize from lottery, taxable under section 115BB income from lottery The section was applicable from 1st April, 2023, , any income from online games from the said date shall be taxable under this section

income from lottery In this video we have discussed special taxation under income tax in case of Lottery or Game

income from winning of lottery is taxable under Such winnings are chargeable to tax at a flat rate of 30% under section 115BB Conditions: a No expenditure or allowance can be allowed from such income b  Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted