Lottery, Betting and Gambling - Income -Tax Perspective

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Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

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daftar situs slot online terpercaya The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,