lottery tax india
Ask Money Today: How is lottery prize taxed?
lottery tax india
website lottery tax india 134 votes, 143 comments 59K subscribers in the IndiaTax community A subreddit for all tax related queries and discussion in India lottery bonus ball tonight At the outset it needs to be stated that the question of levying of sales tax on sale of lottery tickets has been raised time and again
lottery tax india Therefore, the person who sells the lottery ticket is not selling any 'goods' nor is the purchaser buying any 'goods' Since lottery is neither Note: Here, the income is taxed without any basic exemption limit Who Should Pay Income Tax On The Prize Money? Any prize money received is taxable in the Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act
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