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do you have to pay tax if you win the lottery

What is Tax on Kerala Lottery Prize Money?

do you have to pay tax if you win the lottery

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do you have to pay tax if you win the lottery

do you have to pay tax if you win the lottery
➡️【Mk.com】✅Best Online Casino in India✅Top Secure Casino Site Checked by Online Casino Gaming Industry ExpertsFind out the latest ratings here! ✅  Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and does a full house beat a straight in poker When you come into surprise money, you have to pay taxes on prize money Learn more with the tax experts at H&R Block

do you have to pay tax if you win the lottery But you can tell it's a scam because of what they do next: they ask you to pay money or give them your account information to get the prize If you pay, you'll  However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only  Legally classed as gambling, any profits you make from buying a lottery a ticket are exempt from tax, so the full amount you win is the amount paid to

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