common itr issues and faq's for filing return for ay 2024-25

income tax on lottery
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Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions

Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their has income from lottery, racehorses, legal gambling etc has taxable capital gains ; has invested in unlisted equity shares; has

daftar slot pragmatic Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and 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,