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are lottery winnings tax free

are lottery winnings tax free

Tax On Winning Lottery, Game Shows & Online Gaming in India are lottery winnings tax free Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, arena poker Lottery winnings in India are not normally taxed as regular income; rather, they are subject to a fixed flat tax of 30% Section 194B of the

area slot 159 Reason for Tax-Free Status: The reasoning is that these winnings are typically considered a windfall gain and are not earned from an income-

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