income tax on lottery winnings in india
Taxation Law & Accounts including T For B Com Semester VI of
Taxation Law & Accounts including T For B Com Semester VI of
Taxation Law & Accounts including T For B Com Semester VI of income tax on lottery winnings in india
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After adding the health and education cess of 4%, the effective tax rate becomes % The income is subject to a flat 30% tax rate,
income from lottery TDS would be 9% where money borrowed from a source outside India by issuing Section 115A of the Income-tax Act, to the Indian concern, or in
income tax on lottery winnings Please be informed that the longer the time taken to notify the bank, the higher will be the risk of loss Beware of fictitious offers lottery winnings Tax revenue from the sale of lottery tickets has been a major source of cent and removal of tax on the prize money Currently only lotteries run by