On winning a 1 crore lottery in India, how much taxes do you pay?
On winning a 1 crore lottery in India, how much taxes do you pay?
Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income
The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section
winning patterns in tambola income, by way of winning prize from lottery, taxable under lottery stockist shall be taxable as winning from lottery under the head other sources
winning powerball numbers for july 6th Lottery winnings in India are taxed under a flat tax rate under Section 194B of the Income Tax Act, specifying 30% tax rate plus applicable cess
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103.00 ₹ INR
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103.00 ₹ INR
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