Tax on Winning Game Shows & Lotteries

Personal Income Tax winning from lottery is taxable under which head of income Winnings from lottery are flat taxable at the rate of 30% under income Income from lottery is taxed under the head income from other sources winning powerball numbers for july 6th 2024 Deductions from prize winnings from Lotteries and Crossword puzzles under section 194 B of the Income Tax Act, 1961 Deductions from winnings from Horse Races

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