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indiana lottery tax

indiana lottery tax

Lottery Tax Rates Vary Greatly By State indiana lottery tax Section 194B of the Income Tax Act governs lottery winnings taxation in India This rate does not change according to the amount won or the indiana online lottery However, large estates, such as those belonging to lottery winners, are often subject to federal estate tax and, where applicable, to state-level estate taxes

indiana pick 4 lottery Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

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