Subjective relative income and lottery ticket purchases

lottery income
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Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, Income Tax on winning from Lottery Crossword Puzzles Games shows & Race Horses etc will be taxable under the head “Income from Other Sources”

run it twice poker The prizes are considered to be employment income taxable under subsection 5 However, there may be circumstances in which the value of an Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are