SPECIAL TAXATION IN INCOME TAX CA MANOJ GUPTA

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Income that is not taxable You will not have to pay tax on: lottery winnings and other prizes; some government grants and payments; child support; the tax

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%

raja88 slot deposit pulsa tanpa potongan 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% Section 194B of I-T Act, 1961 stipulates that any winnings above ₹10,000 from games, tv shows, quiz shows, betting, etc shall attract a TDS