Section 194B of Income Tax Act

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Lottery & Other Types of Winnings, 194B, 30% Payment to What is Form 12BB? Read More banner image All About Tax Structure In India Read More banner image

Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The Though the valuation of lottery tickets will be done as per valuation rule 31A of CGST Rules, for output GST liability However, any item

ak604 kerala lottery result Lotteries will now attract a uniform Goods and Services Tax from 1st March at 28 percent as notified by the Central Board of Indirect Taxes and If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,