23VAC10-140-282 Withholding on lottery prizes

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In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if

Every student who takes part in the competition gets a chance to win Rs 10 lakh However, winning the prize requires you to pay The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award

demo slot buy bonus For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in That means Rs 25 crore winner will have a tax liability of Rs 9,61,74,000 after forgoing Rs 10 per cent as agent commission This needs to be