An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

income tax on lottery winnings in india
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income tax department of the Government of India There are income from other sources

In India, winnings from lotteries, horse races, and other similar activities are taxable However, under current tax legislation, these profits are taxed

income tax on lottery winnings lottery across India GST@12% is levied Differential tax rates for lottery run by State Governments and lottery authorized by State

income from winning of lottery is taxable under As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of