Lottery winning outside India - Income Tax

20 September 2022, 10:56 AM IST · Prize amount: Rs 25 crore · Agent commission: Rs crore · The tax deducted directly by lottery department: Rs

The Individual should disclose such income , winnings from online gameslotteries etc under Schedule OS of the ITR form under part 2

tax lottery You can also use the online Income Tax Calculator tool offered by the income tax department of the Government of India lottery winnings or income from

taxes paid on lottery winnings The first prize in any lottery scheme shall not be less than ten thousand tax on prizes, wherever applicable, is deducted at source and