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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Income Tax TDS Rates Applicable for NRIs ; Income received from winnings lotteries, crossword puzzles, card games and other games of any sort 30%
As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,
income from lottery So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it
income tax on lottery winnings in india Section 194BA
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