Itchy Palm Superstition Leads Woman to Rs 4 Crore Lottery Prize

income tax on lottery winnings in india
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income tax on prizes, wherever applicable, is deducted at source and that the prize money is credited to the bank account of the prize winner

In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any

income tax on lottery winnings requested to compute his net tax liability Ans ß 35,050 6 Mr Ganesh has the following incomes for the Previous 550 INCOME TAX

income from winning of lottery is taxable under Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,