Income Tax On Lottery Winnings And Game Show Winnings In India

20 million lottery after taxes
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20 million lottery after taxes Then, because lottery winnings are counted as income, an additional 37 percent tax will be levied against the sum, dropping it to $251,753,040   20 percent withheld reduced by any taxes withheld on dividends and interest Lottery of Israel EXTENSION OF REMARKS OF HON PAUL A FINO OF NEW  According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

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