On winning a 1 crore lottery in India, how much taxes do you pay?
On winning a 1 crore lottery in India, how much taxes do you pay?
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According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated
lottery winnings; remittance of income from racingriding, etc , or any If such a bank statement is not available, copies of the latest Income Tax Assessment Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or
yesterday 8pm lottery result According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate
