Section 194B & 194BB

tax on lottery winnings india
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Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you

The Individual should disclose such income , winnings from online gameslotteries etc under Schedule OS of the ITR form under part 2  lottery winnings) is taxable amounts that are exempt from tax under section 87 of the Indian Act Note Complete

ดาวน์โหลด pg slot เวอร์ชั่นล่าสุด Introduction : In the context of the Income Tax Act of 1961 in India, “winnings” typically refer to income earned through activities such as Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act