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Lottery winnings
Is lottery winings is liable 2 tax,if my income for the year is rs.150000.... ???
Replies (6)
lottery income is taxable
Yes, lottery winning is liable to tax.
Yes its taxable undr othr sources at 30.90% flat..
No benrfits available of basic exemption.on.it ....
Definitely @ 30% without any Basic Exemption Limit.
AGREE WITH ABOVE
Thanx 2 ol 4 valuable responses
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