Home Ministry wants all lottery prize payments to be made via

Home Ministry wants all lottery prize payments to be made via income tax on lottery winnings in india Introduction : In the context of the Income Tax Act of 1961 in India, “winnings” typically refer to income earned through activities such as income from lottery Tax on Dream 11, Tax on Lottery Winnings in India, casual income income tax, online game

income from lottery Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

income tax on lottery winnings 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 TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games,