GOODS AND SERVICES TAX ON LOTTERY IN INDIA

how much taxes are deducted from lottery winnings
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Details on when and how much the winner pays differ by state Then there are 13 states that don't tax a person's lottery winnings, according to

TDS must be deducted from winnings before awarding them to the winner under Section 194B or 194BB of the Income Tax Act's regulations if the Therefore, no tax is to be deducted where the amount of winning from each lottery, crossword puzzle, card game, etc does not exceed ₹ 10,000

monopoly slot games online Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken  You're required to report all of your gambling winnings as income on your tax return, even if you end up losing money overall · You may receive