FEMA laws on lottery winning outside India and transactions As Indian resident

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The discussion explained that under FEMA, Indian residents are prohibited from remitting money for purchasing lottery tickets abroad and from receiving remittances related to lottery winnings. Such transactions may attract scrutiny under FEMA and ED regulations despite payment of income tax.

Babu

Babu (Querist)

04 October 2022 FEMA laws on lottery winning outside India and transactions
As Indian resident

**if I purchase a online lottery ticket in India(means stay in India) not actually visited Dubai(UAE) for lottery ticket
Is it OK or prohibited for such purchase online transaction activities
-Remiteence from the lottery jackpot winning money
-Remiteence for purchasing the online lottery ticket in India
As a Indian resident, is it prohibited to take winning jackpot amount which takes place outside india(dubai lottery organization )
As I now income tax as no problem I will pay 30 percentage tax
but what about FEMA laws and enforcement department on winning jackpot amount and is there there any future trouble from ED AND FEMA LAWS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

04 October 2022 In terms of Section 5 of the FEMA, persons resident in India1 are free to buy or sell foreign exchange for any current account transaction except for those transactions for which drawal of foreign exchange has been prohibited by Central Government, such as remittance out of lottery winnings; remittance of income from racing/riding, etc. or any other hobby; remittance for purchase of lottery tickets, banned / proscribed magazines, football pools, sweepstakes, etc.;

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