Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

Income from Other Sources income from winning of lottery is taxable under
➡️【Mk.com】✅Casino. Offers a variety of games✅, including blackjack, roulette and slot games. ✅  Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to income tax on lottery winnings in india In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any

income from lottery The section was applicable from 1st April, 2023, , any income from online games from the said date shall be taxable under this section