income tax on lottery winnings in india
Lottery winning outside India - Income Tax
income tax on lottery winnings in india
income tax on lottery winnings in india
➡️【Mk..com】✅You can find the perfect combination of gambling, luxury and nature at Casino ✅. It is a paradise for winners! ✅ In India, winnings from the lottery are liable to a flat rate of tax at 30% plus 4% Cess without any basic exemption limit Further, If the Prize money income from winning of lottery is taxable under Indian income tax system It presents a structured table or chart format lottery winnings, and more TDS Rates: The TDS rates are specified by the
income tax on lottery winnings in india This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10 As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge, As per the Income Tax Act, any company or a person is required to deduct tax at the source itself if the money paid exceeds the specified limit The person who
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