Is online lottery legal in India

Is online lottery legal in India lottery tax india As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the lottery x The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate

lottery x suh'ject to such cOhdttiode and on the payment of such fees or taxes as may he afiecified 'in the 31121 licence and such lottery shalt not be deemed to he an

lottery sambad 21 02 24 Such winnings fall under the category of Income from other sources EXPLORE TAX SAVING FUNDS c 2024 Groww All rights reserved, Built with ♥in India  Lottery is an act of betting and gambling and the power to enact law for imposition of tax on lotteries has to be construed as inherent in the expression of '