national lottery tax
Tax On Winning Lottery, Game Shows & Online Gaming in India
national lottery tax
national lottery tax
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national lottery tax As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 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% supposing an individual who is a foreign national, buys at the request of a resident Indian, a foreign lottery which earns a prize, what would