Tax on Lottery: अगर लग जाए करोड़ों की लॉटरी तो सरकार काट लेगी भारी

Tax on Lottery: अगर लग जाए करोड़ों की लॉटरी तो सरकार काट लेगी भारी tax on lottery in india Under this Act, current taxation policy in India covers all types of Gambling industry directly and indirectly Thus, it can be said that all taxi slot IT Act, 1961 governs taxation in India As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings

taxi slot Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do

taxes on poker winnings Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The