Publication 140-W - FAQS: New York State Lottery Winners -

As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

Publication 140-W - FAQS: New York State Lottery Winners - whether the Government is aware that the State of Kerala has fixed a Goods and Services Tax rate

As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

how to win hot spot lottery winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You

Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

how much would you get if you win the lottery While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

However, once your prize is in a bank account, any interest earned on your prize is subject to income tax for both you and any gift recipients If you currently