Tax on Winning Game Shows and Lotteries

lottery tax in india
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In this changing era, we always try to find any other passive source of income In India, there is a very popular business of selling

According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated US: Great-grandmother who just finished radiation treatments for breast cancer wins $5M lottery prize An elderly woman from Pennsylvania, who

frozen queen slot lottery across India GST@12% is levied Differential tax rates for lottery run by State Governments and lottery authorized by State  Income Tax TDS Rates Applicable for NRIs ; Payment on repurchase of Mutual Fund or Unit Trust of India 20% ; Commission on sale of lottery