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Tax On Winning Lottery, Game Shows & Online Gaming in India

Tax On Winning Lottery, Game Shows & Online Gaming in India

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According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed Who Is Responsible For Deducting TDS Under Section 194S? · People or HUFs with up to ₹ 1 crore in revenue from their businesses · People or HUFs

tula rashi nang Steps to e-file ITR-2 on the income tax portal Step 1: Go to iecfoportal and log in with your PANAadhaar and Income tax is a tax that is levied by the Government of India on the income of every individual or entity The Income-tax Act, 1961 governs

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