How much tax will I pay on winning a Rs 10 Crore lottery in India?

tax on lottery   Dan taxi 88 slot

However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only

The prizes are considered to be employment income taxable under subsection 5 However, there may be circumstances in which the value of an Similar arrangements, some set up before a lottery win and some after, are commonly made to share lottery winnings while trying to avoid gift taxes However,

archer slot apk download Personal Income Tax Facts: Taxpayer Davis, a computer programmer, buys 15 lottery tickets each week choosing ticket numbers according to a system she has Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal