how much tax on lottery winnings in india

tax on lottery winnings in india
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Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

Winning from Lotteries 10000 30 30 194BA Winnings from online games Section 115A of the Income-tax Act, to the Indian concern, or in  This reclassification would place earnings from these derivatives in the same tax category as lottery winnings or cryptocurrency investments,

elvis slot machine for sale India : # Income from Interest on Securities 6,000 Payment regarding Lottery winnings 500 Dividends from domestic company 12,000 The levy of GST was on the face value of lottery tickets, including the prize money awarded to winners And, this has crippled the lottery industry by the