Is lottery business profitable in india?

The lottery business is profitable in India. Although, the government regulates it in their unique way.

360.9K

542.8K views
2023-07-27 22:39:02

Show all Q/A Info

Who is the biggest lottery winner in india?
The 50-Million-Dollar Lottery Winner
The biggest lottery winner in India to date! The renowned Mega Millions
Mega Millions
A mega number, also known as a powerball, mega ball, or bonus ball, is a number drawn in a lottery game that comes from a second number field, rather than among the game's "regular" numbers. As of 2015, forty-six U.S. lotteries offer Mega Millions and Powerball. These games each use two sets of numbers.
https://en.wikipedia.org › wiki › Mega_number
Mega number - Wikipedia
lottery dished out USD 50 million to Hira Singh in March 2019 for successfully the landing matching numbers 10, 12, 16, 49, and 57.
2024-02-12 06:15:25

Is online lottery allowed in india?
An online lottery is a popular form of gambling in India, and it is legal to play online lotteries in 13 Indian states. Websites of online lotteries headquartered outside India are also legal for Indian players.
2024-02-07 16:17:57

How do i pay tax on lottery winnings in india?
' the winner of the lottery must also submit the TDS certificate as proof that all the taxes due against the prize money are paid. A flat 30% TDS is deducted at the time the winning amount is disbursed to the winner. with cess and surcharge, the actual rate for non-refundable TDS deduction will be 31.2%.
2024-02-04 12:54:46

How much tax do you pay on lottery winnings in india?
' the winner of the lottery must also submit the TDS certificate as proof that all the taxes due against the prize money are paid. A flat 30% TDS is deducted at the time the winning amount is disbursed to the winner. with cess and surcharge, the actual rate for non-refundable TDS deduction will be 31.2%.
2023-11-06 07:06:25

Recommended Next Q/A:
Who is tom nooks wife animal crossing?