Home Ministry wants all lottery prize payments to be made via

website how much taxes deducted from lottery Since lottery income falls under special incomes, it would be taxed at a flat rate of 30% The tax slabs would not be applicable and the winner how to play poker Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you've come to the right place!

how much taxes deducted from lottery In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any  While filing the income tax return, the prize money won must be disclosed under 'income from other sources ' the winner of the lottery must also  money in gambling, which is there in all who A recovery of a previously deducted business loss will be taxable pursuant to section 9

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