GOODS AND SERVICES TAX ON LOTTERY IN INDIA

The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section

GOODS AND SERVICES TAX ON LOTTERY IN INDIA 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

The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section

winning numbers michigan 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

Any income that is not covered in the other remaining four heads of income is taxed under income from other sources It is referred to as residuary head of

winning nj lottery numbers 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

Lottery winnings are taxable under the head “income from other sources ” The tax rate applicable to lottery winnings is 30% 10 Can losses be