Income Tax on Winning Lottery, Game Shows, Awards, and Prizes
The government of India is considering a proposal to impose higher income tax on the F&O segment in the upcoming union budget
Special tax on lottery prizes and betting tax lottery
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Most of the lottery winners are unaware about this and it will lead to complication while filing tax return during the end of the year If the
taxes for lottery winnings Levy and collection of tax on lottery 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 5,00,000, whichever is higher :
Regular
price
166.00 ₹ INR
Regular
price
Sale
price
166.00 ₹ INR
Unit price
/
per