GST evasion of Rs 345 cr detected against lottery distributors till Nov

GST evasion of Rs 345 cr detected against lottery distributors till Nov lottery taxation Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries, lottery sambad after night The tax is leviable not on the face value of the lottery tickets, but on the sales proceeds at first sale point less the prize amounts announced for the scheme

lottery sambad after night 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

lottery sambad calcar In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if The State Legislature has the competence to tax lottery scheme which is gambling being conducted not only by the Government of India or the