Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition income tax on lottery winnings in india India Interest from others 7 Interest from income tax refund 8 Rent on plant & machinery 9 Winnings from lottery or crossword puzzle us income tax on lottery winnings in india Section 194B - Winnings from Lotteries, Crossword Puzzles etc Section 194C - Payment to ContractorSub-Contractor Section 194D -

income tax on lottery winnings in india The entire amount will be taxable at a flat rate of % For example, if you were to win a prize of ₹4 lakh at a contest and your annual

income tax on lottery winnings lottery winnings in india check online gaming and other tv show winning prize taxation Tax Free Income : यहां से हुई है As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount