https://www.taxtmi.com/manuals?id=2812 Income from winnings by way of lottery, crossword puzzle, race including horse race, card games, gambling, or betting is taxed at a special rate of 30% on the winning component, with normal tax rates applying to the balance income. No deduction of expenditure, loss set-off, basic exemption threshold, or section 87A rebate is available, and tax is deducted at source at 30% under section 194B. The provision does not apply to winnings from any online game for assessment years beginning on or after 1 April 2024. en-us Fri, 02 Jun 2023 14:34:00 +0530 Fri, 19 Jun 2026 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2812 Income from winnings by way of lottery, crossword puzzle, race including horse race, card games, gambling, or betting is taxed at a special rate of 30% on the winning component, with normal tax rates applying to the balance income. No deduction of expenditure, loss set-off, basic exemption threshold, or section 87A rebate is available, and tax is deducted at source at 30% under section 194B. The provision does not apply to winnings from any online game for assessment years beginning on or after 1 April 2024. Manuals Income Tax Fri, 02 Jun 2023 14:34:00 +0530 https://www.taxtmi.com/manuals?id=2812