winning from lottery income tax section
How are Lottery Winnings Taxed?
winning from lottery income tax section
website winning from lottery income tax section TDS Rates Where the Company is Not a Domestic Company ; Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any winning lottery ticket winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE;
winning from lottery income tax section Income that is not taxable You will not have to pay tax on: lottery winnings and other prizes; some government grants and payments; child support; the tax The income from other sources like winning lottery, horse races etc , are taxable in India However, under prevailing tax laws, these earnings are taxed Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to
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