Income Tax Payable On Winnings From Game Shows, Puzzles and
Income Tax Payable On Winnings From Game Shows, Puzzles and
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Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act
Section 194B of the Income Tax Act applies to TDS deductions from the income earned from winning the lotteries Learn about deductions, penalties, and more Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts,
dc 5 digit lottery Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts, Depending on how much you win and on your income, you'll then have to pay a further % to make up the total % that's the top income tax
