Tax on Lottery Winnings and Game Show Winnings in India

Gambling and Lottery Winnings are lottery winnings considered income So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it area slot wallet link 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

area slot 789 You do not pay any tax on winning lottery in UK, however you have to pay Income tax on the interest you gain when you keep the amount in bank