Lump Sum or Annuity for Lottery Winners?

do you get taxed if you win the lottery
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According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

If your net winning from such gaming exceeds INR 10,000, they would deduct TDS at 30% and credit the remaining amount to your account Hope this An individual can give away up to $17,000 to someone without triggering gift taxes But if you win a $1,000,000,000 lottery? And then you give

taruhan77 slot Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding to the IRS If they choose the $ I want tax residency of a country that don't tax gambling wins Still you would be deemed resident and have to pay tax in India