income tax on lottery winnings in india
What is Tax on Kerala Lottery Prize Money?
income tax on lottery winnings in india
income tax on lottery winnings in india
➡️【Mk.com】✅Casino. Offers a variety of games✅, including blackjack, roulette and slot games. ✅ The interest earned on a bank Recurring Deposit is taxable as income under the Income Tax Act, 1961 RBI: Beware of Fictitious OffersLottery WinningsCheap income from lottery After adding the health and education cess of 4%, the effective tax rate becomes % The income is subject to a flat 30% tax rate,
income tax on lottery winnings in india As per the Income Tax Act, any company or a person is required to deduct tax at the source itself if the money paid exceeds the specified limit The person who Other sources: Income from various sources such as lottery winnings, horse racing, or legal gambling (including agricultural income exceeding Rs income tax on prizes, wherever applicable, is deducted at source and that the prize money is credited to the bank account of the prize winner
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