Income tax payable on winnings from online, offline games of chance

Income tax payable on winnings from online, offline games of chance tax on lottery winnings india Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do tax for lottery winnings Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

tax for lottery winnings As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

taxact lottery calculator winnings from lottery;; activity of owning and maintaining race horses Copyright @ Income Tax Department, Ministry of Finance, Government of India  This reclassification would place earnings from these derivatives in the same tax category as lottery winnings or cryptocurrency investments,