Tax on Lottery Winnings in India Section 194B of IT Act

Tax on Lottery Winnings in India Section 194B of IT Act why is the lottery taxed According to estimates from , the winner of the publicized $ billion jackpot would earn $280,885,562, if they take the lump sum why is the lottery taxed Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

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why are lottery winnings not taxed in canada While you as the winner will not be required to pay any tax on the money you win, your friends may be required to pay Gift Tax on whatever Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged