Income Tax On Lottery Winnings And Game Show Winnings In India

lottery winnings after taxes
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As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

lottery 90 This includes winnings from the Wisconsin Lottery and out-of-state lotteries No deduction is permitted on the Wisconsin income tax return for

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