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Sk Aftab Alam   01 April 2019

lottogo.com querry

hope u have heared this name.. if i play lottogo.com( world lottery club- deals with bet on lotto like mega million, powerball ) from kolkata .. Is the playing legal and what will be the taxable percentage. i am normal resident of India.


Learning

 2 Replies

Thomas V Johnson   01 April 2019

If you play and win a lottery, you have to pay 30 percent of the total earnings if the said earnings are in excess of Rs 10,000. This is under Section 194B of the IT Act.

Rantu Boruah   19 April 2022

I have deposited Rs. 850/-for buying lottery but still have not yet received purchase confirmation. 


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