What is the legal status of lottery in India?
Lottery is legal in some Indian states like Kerala, Punjab, and West Bengal, while prohibited in others. Each state has its own lottery regulations.
How can I participate in Indian lotteries?
You can buy lottery tickets from authorized sellers or through online platforms where legal. Always verify the legitimacy of the lottery before purchasing tickets.
What are the popular lottery games in India?
Popular lotteries include Kerala Lottery, Punjab State Lottery, and various bumper lotteries that offer higher prizes during festivals.
Are lottery winnings taxable in India?
Yes, lottery winnings are taxable under the Income Tax Act. Winners must pay tax on the prize amount as per current tax slabs. |