tax on lottery winnings in india

tax on lottery winnings in india
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Section 194B - Winnings from Lotteries, Crossword Puzzles etc Section 194C - Payment to ContractorSub-Contractor Section 194D -

This is taxable in India at 30+ % as you are resident in India Actual inward fund flow is irrelevant because accrual has happened already  lottery winnings) is taxable amounts that are exempt from tax under section 87 of the Indian Act Note Complete

new michigan lottery games Tax Saver Term Deposit Scheme · Smart Saver Term Beware of fictitious offerslottery winningscheap funds offers :RBI Advisory 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,