Section 194B: Tax Deduction on Winning from Lottery or Crossword Puzzle.
Income Tax : In the context of the Income Tax Act of 1961 in India, winnings typically refer to income earned through activities such as lotter...
Goods and Services Tax : Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for on...
Income Tax : Introduction: The Government of India, under the Ministry of Finance, has recently responded to pertinent questions in the Lok Sab...
Income Tax : Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax lia...
Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax liability. Details and analysis here.
In the context of the Income Tax Act of 1961 in India, winnings typically refer to income earned through activities such as lotteries, crossword puzzles, races, card games, gambling, betting, or any other kind of game of chance or skill.
Introduction: The Government of India, under the Ministry of Finance, has recently responded to pertinent questions in the Lok Sabha regarding tax evasion, particularly focusing on the evasion of TDS. The queries address concerns related to the disbursement of lottery prizes, potential amendments to tax laws, and actions taken against lottery distributors involved in GST […]
Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for online gaming income.
