André Bothma on X: There is no tax to pay on lottery prizes won in

are lottery wins tax free
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Prizes and winnings are always taxable once they are in the winner's possession The reward would be subject to tax according to Section 56 and

Any amount of money won in a lottery is considered capital in nature and therefore exempt from Income Tax Lottery prizes also benefit from a During the current taxable year, Davis spent $390 on these tickets For the same period she picked one lucky number and had lottery winnings of $300 She

how to claim winning lottery ticket The Indian government has full control over how lottery winnings can be taxed The state legislature can produce laws surrounding these Although the winnings itself is tax-free There are some taxes to pay after you get the winnings The tax people always get their cut, doh!