Tax on Dream 11 India II Tax on Lottery Winnings India II

Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

Tax on winning the lottery, puzzle, card games, betting, & horse races is % The winner can't claim deductions or expenses on such

taxes on $1 million dollars lottery winnings TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games,

tax percentage on lottery winnings Therefore, supply of lottery tickets is to be taxed as supply of goods in GST Levy of GST on Lottery Ticket GST Council in its 17th meeting