Taxes on Lottery Prize Money in India

Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,

Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,

kerala lottery result 7 tarikh The prize-winner of a lottery shall surrender the prize-winning ticket within 30 days of the draw with all necessary documents as per http:www

kerala yearly chart As of now, an Income tax of 30% will be deducted for all the prize-winning claims exceeding Rs 10,000- For the agent's prize claim, an amount