Lottery-like taxation: Fear grips F&O traders as 30% tax likely on

Lottery-like taxation: Fear grips F&O traders as 30% tax likely on tax rate on lottery winnings in india The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab tax on lottery winnings uk According to Section 115BB of the Income Tax Act, any income earned from winnings in games of chance, including lotteries, card games, and other

tax on lottery winnings uk According to Section 115BB of the Income Tax Act, any income earned from winnings in games of chance, including lotteries, card games, and other

tax on lottery winnings california Forbes highlighted that since gambling winnings necessitate obligatory federal withholding taxes, the lump sum payment is subject to a mandatory Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal