How much tax will I pay on winning a Rs 10 Crore lottery in India?
How much tax will I pay on winning a Rs 10 Crore lottery in India?
lottery income tax
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Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions
The motor car won by you in the draw also falls in the category of lottery Payer of such income is required to deduct tax at a flat rate of
lottery sheet result Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling
lottery del Sub-agents of lotteries As far as recipients of prize money of lotteries are concerned, Section 194B of the Income-tax Act requires that