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tax on lottery winnings in india

If I won a lottery of 20 crore, how much will I get after tax deduction

If I won a lottery of 20 crore, how much will I get after tax deduction

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tax on lottery winnings in india

If I won a lottery of 20 crore, how much will I get after tax deduction tax on lottery winnings in india
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tax calculator for lottery winnings In India, lottery winnings are subject to taxation under Section 194B of the Income Tax Act, 1961 This section mandates that any winnings from

taxes on $5 IT Act, 1961 governs taxation in India As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings Winnings from lottery or crossword puzzle us 115BB Indian companies us 115AC

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