Lottery-like taxation: Fear grips F&O traders as 30% tax likely on
Lottery-like taxation: Fear grips F&O traders as 30% tax likely on
Tax on winning the lottery, puzzle, card games, betting, & horse races is % The winner can't claim deductions or expenses on such
Indian income tax system It presents a structured table or chart format lottery winnings, and more TDS Rates: The TDS rates are specified by the If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,
slot games that pay real money instantly no deposit winnings from lottery;; activity of owning and maintaining race horses Copyright @ Income Tax Department, Ministry of Finance, Government of India IT Act, 1961 governs taxation in India As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings
