Income Tax On Lottery Winnings And Game Show Winnings In India

if you won the lottery
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With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

if you win lottery what to do If you win the $ billion Powerball jackpot, you may not be as lucky as you may think Many winners befall the so-called curse of the

if i won the lottery i would buy 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