What is Tax on Kerala Lottery Prize Money?

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Lottery Tax in Kerala The Income Tax Act, 1961 is the law for taxation in India Like any other income, lottery winnings

A compound lottery has some outcomes that are also lotteries However, the process of calculating the expected value and expected utility of x is the same as

lottery 16 7 66  Choosing Numbers lottery 123456 These might win The numbers don't know what they are! A Lottery is just as likely to come up 1,2,3,4,5

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