Special tax on lottery prizes and betting

lottery income tax
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lottery tickets is assessable as the income from business and not as the income from winnings When the assessee does not maintains the books of account

No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual

lottery sambad date 25 Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act

lottery sambad 30_9_23 You don't have to win the big jackpot to owe lottery taxes Your winnings are considered taxable and are added to your ordinary income when