TDS and Income Tax rates on winnings from Lottery and Game Shows
TDS and Income Tax rates on winnings from Lottery and Game Shows
Consequently, gambling gains are Part B income, taxed at 5% Massachusetts law adopts the deductions permitted under section 62 of the Internal Revenue Code,
Which of the following is not taxable under the head ' income from other sources'? The rate of TDS from winning from lottery: a)30% b)33% c)10% d)20 Expenses of purchasing lottery tickets are deducted out of winning from lottery under the head income from other sources For computing advance tax
rajshree 100 monthly lottery result today The interest income earned must be declared under the head 'Income from Other Sources' Yes, the winnings from a lottery are taxable under the applicable rate Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games,
