Lottery-like taxation: Fear grips F&O traders as 30% tax likely on
Lottery-like taxation: Fear grips F&O traders as 30% tax likely on
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Part IV, Chapter 1, Taxes on Lottery Winnings 2 Tax Rates Income Tax at the rate of 20 percent shall be applicable on all lottery winnings
winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE; As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%
fury stairs slot If you are a resident of New York City or Yonkers, the prize payment is also subject to city withholding at the city's highest effective rate of tax To The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made
