Tax on Winning Game Shows and Lotteries

website 1 crore lottery tax Taxes on gambling and lottery HSN code requirements: Businesses must mention their SAC HSN code on all supplies of goods or services on tax invoices from 1 100k pyramid slot No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

1 crore lottery tax Between Rs 1 Crore to Rs 2 Crore  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  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

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