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TDS on prizes & winnings TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR

The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate

winning number georgia lottery While filing returns, he claimed deduction under Section 80TT of the Income Tax Act,1961 on Lacs, the gross amount of the prize money

winning lottery play 3 How Are Lottery Winnings Taxed? The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket,