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of <h1>Tax Crackdown on Lottery and Gambling Winnings: 30% Flat Rate Under New Clause 194 Targets Windfall Gains</h1> Here's a concise summary of the legal document:The Income Tax Bill, 2025's Clause 194 introduces a comprehensive tax regime for winnings from lotteries, gambling, and games. The provision imposes a flat 30% tax rate on winnings from various sources, excluding online games. It applies to all persons and ensures uniform taxation of windfall gains, maintaining administrative simplicity and discouraging speculative activities. The clause represents an evolution from the existing Section 115BB, with enhanced clarity on definitions and scope of taxable gaming incomes.
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