Section 194G: TDS on Commission on Sale of Lottery Tickets

lottery tax in india
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The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate

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

lottery ny quick draw Therefore, the person who sells the lottery ticket is not selling any 'goods' nor is the purchaser buying any 'goods' Since lottery is neither

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