Input tax credit on Lottery Gifts, Goods and Services Tax

tax on lottery in india
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tax on lottery in india 10,000 What are the taxes applicable for lottery income of Rs 1 crore in India? Winnings from a lottery have a flat % TDS applicable,  According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed  Entries 34 and 62 of List II of the Seventh Schedule of the Constitution of India does not create any kind of fetter on the powers of the

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