income tax on lottery winnings in india
Direct Tax including Tax Planning & Management AY 2020-21
income tax on lottery winnings in india
income tax on lottery winnings in india
➡️【Mk.com】✅कैसीनो गेम्स का एक समृद्ध चयन✅ और एक उपयोगकर्ता के अनुकूल इंटरफेस प्रदान करता है, जिससे खिलाड़ी कभी भी, कहीं भी अपने पसंदीदा कैसीनो गेम का आनंद ले सकते हैं। ✅ As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a income tax on lottery 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 tax on lottery winnings in india This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10 Section 194BA Section 194BA
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