Lottery-like taxation: Fear grips F&O traders as 30% tax likely on

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According to the Income Tax Act, 1961, any income by way of winnings from any lottery, crossword puzzle, card game, or other game of any sort is taxable under

21 November 2022 Being NRI, if he won lottery in any foreign country, where the tax been paid over the winning amount, he is not liable to pay TDS would be 9% where money borrowed from a source outside India by issuing Section 115A of the Income-tax Act, to the Indian concern, or in

aaj ka lottery 1_00 HOW TO FILE INCOME TAX RETURN FOR WINNING FROM GAMES, LOTTERY, GAMBLING The Individual should disclose such income , winnings from online gameslotteries etc under Schedule OS of the ITR form under part 2