Won a lottery or prize money in India? Here's what you need to know
Won a lottery or prize money in India? Here's what you need to know
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Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,
Will the New Jersey Lottery withhold income tax on taxable winnings? A The rate of withholdings is determined by the amount of the payout Once it is Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,
slot machine gratuit cleopatra The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be ITR Form: Winnings from the lottery, puzzles, betting, etc are treated as Income from Other Sources The taxpayer should file ITR-1 (if income
