Over 10 million taxpayers, mostly small salary earners, will have long-pending notices for dues related to income tax, wealth tax and gift tax withdrawn. | Latest News India
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E-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc. Nonetheless there are some things to consider if an individual has won prizes by playing similar offline or online games.