income tax on lottery winnings in india
Tax on Winning Game Shows and Lotteries
income tax on lottery winnings in india
income tax on lottery winnings in india
➡️【Mk..com】✅Feeling lucky? ✅Casino has a world-class casino, poker games and slot machines waiting for you. Note: Here, the income is taxed without any basic exemption limit Who Should Pay Income Tax On The Prize Money? Any prize money received is taxable in the income from winning of lottery is taxable under As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,
income tax on lottery winnings in india Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize 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
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