Tax On Lottery Winnings In India

tax on lottery winnings india
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Lottery winnings of j− 1,00,000 payable to Mr X, resident in India Winnings from horse-race j− 50,000 payable to Mr Y, non-resident in As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

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