Tax Information
Tax Information
Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or
The 20% tax rate only applies to the portion of the prize exceeding €500 Prizes won in the Italy Lotto lottery are subject to a tax rate of 8% Prizes for For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in
13_09_23 lottery result 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% Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,
