Income Tax including Tax Planning & Management 2022-23

tax for lottery in india
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As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

tax for lottery in india Tax ? Mr BALDWIN : I would invite the attention of my hon and gallant India the Government has specially sanctioned the Pearl Necklace Lottery

taxes on $2 million dollars lottery winnings 10,000 What are the taxes applicable for lottery income of Rs 1 crore in India? Winnings from a lottery have a flat % TDS applicable,