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Income tax and lottery winners: This is the treatment by the taxman, check TDS limit too
Mon, Jun 03, 2019
The system and tax formulation is different when it comes to winning money from lotteries, races, bets etc.
Third largest in history: Winning ticket sold in Wisconsin for US Powerball $768 million lottery jackpot
Thu, Mar 28, 2019
The winning numbers are 16, 20, 37, 44, 62 and Powerball 12.
GoM favours uniform tax on lottery, GST Council to decide rate on Feb 20
Tue, Feb 19, 2019
The eight-member Group of Ministers under Maharashtra Finance Minister Sudhir Mungantiwar favoured hiking GST rate on the state-organised lottery to either 18 per cent or 28 per cent. While the GST rate on state-authorised lottery would be retained at 28 per cent or brought down to 18 per cent.
GST Council clears anti-profiteering laws, relaxes return filing deadline
Sun, Jun 18, 2017
GST Council that met on Sunday has cleared rules of anti-profiteering under GST and set tax rates for state-run and government authorised lotteries.