What to Do if You Win the Lottery

if you win lottery
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Set for life? What to do when you win the lottery · Step 1: Keep calm and carry on Once you have absorbed the initial shock and euphoria that accompanies a

First, talk to a tax consultant about how you should claim your winnings You may have the option to take one lump sum or smaller payments spread out over a The rewards are categorised as “Income from Other Sources” under Section 56 of the IT Act, 1961 How will you be taxed if you win a car or a

how much is a powerball lottery ticket Furthermore, if more than one person goes in on one winning ticket, the pot must be shared between winners when claiming the prize We always “You can't win the lottery if you don't buy a ticket ” These were the words my husband used to goad me into applying for a science policy fellowship, sponsored