On winning a 1 crore lottery in India, how much taxes do you pay?

website 1 crore lottery tax According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed 12 tarike dear lottery Income Tax on Prize Received in Kind · ₹1 Crore · Mercedes- Benz – Market Price of ₹40 Lakhs

1 crore lottery tax lottery 5 tickets 11 Commission or Brokerage 5 5 12 Rent : Plant and Machinery 2 2 Land 1 1 2 DEDUCTION OF TAX AT SOURCE 513   Hawala Bazar FATF Black Money Tax Heaven Country Money Laundering  1 Crore 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 25,000, whichever is higher; Above Rs 1 Crore but up to Rs 5

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