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

if you win the lottery is it tax free   Dan if you win lottery what to do

If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

The Canada Revenue Agency warns that while the winnings are not taxed, any income the winnings generate if invested in a non-registered If you receive a large winnings payout as a lump sum, you leave your money vulnerable to higher tax rates by the IRS Are foreign lottery

kerala lottery result today karunya bhagyakuri No, Under Section 58, no tax exemption or deduction can be claimed on winning cash or assets as a prize from a game show, lottery, etc You The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes