Tax on Lottery Winnings in India Section 194B of IT Act
To sum it up, the actual winning amount or value is subject to a 30% TDS rate under Section 194B The relevant tax that is withheld at source
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Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a
how to run a poker tournament Unlike salary or professional income where people are allowed to take deductions or allowance, winnings from contests are fully taxable This is