GOODS AND SERVICES TAX ON LOTTERY IN INDIA

tax on lottery winnings in india
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Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,

The State Legislature has the competence to tax lottery scheme which is gambling being conducted not only by the Government of India or the

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taxes on 1 million lottery The taxation of winnings is covered under Section 115BB of the Income Tax Act Who is responsible to deduct TDS under section 194B and When