Income Tax On Lottery Winnings And Game Show Winnings In India

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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

Bonus Calculator · Spin The Wheel · Bingo Generator · Online Lottery · Powerball Generator · Mega Millions Generator Learn Casino School 101 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

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