Won a lottery or prize money in India? Here's what you need to know

The Centre's move is based on the Income Tax Rule 2023 The Tax Deduction at Source will be applicable to the lottery prize winners who

While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's

does walgreen sell lottery tickets Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

does texas tax lottery winnings 21 November 2022 Being NRI, if he won lottery in any foreign country, where the tax been paid over the winning amount, he is not liable to pay