taxes on casino winnings-APK-IN V

taxes on poker winnings   Dan taxes on slot machine winnings

It is the latest decision on the taxation of poker winnings following the Tax Court of Canada decision in Cohen v The Queen, 2011 TCC 262

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Winnings from lottery, card games, crossword puzzles or any sort of games are taxable at flat rate of 30% as income from other sources

3-digit evening lottery This publication provides general information and is not meant to be a substitute for tax laws or regulations Withholding Gambling winnings in the amounts Under section 194B of the Income Tax Act, winnings from lotteries and games have a corresponding TDS of 30% provided the amount is at least Rs