myITreturn: Income Tax Return Filing

income tax on lottery winnings in india
➡️【Mk.com】✅कैसीनो अपने दरवाजे खोलता है✅, जिससे आप बड़ी जीत हासिल कर सकते हैं! अपने आप को इस प्रतिष्ठित कैसीनो में डूब जाने दें जो लगातार खुद को नया रूप दे रहा है… ✅  Dan income from lottery

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,

These winnings are taxed under section 115BBJ of the Income Tax Act, 1961 According to Section 115BBJ, income in the nature of winnings from Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The

virtual tech slot As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,