GOODS AND SERVICES TAX ON LOTTERY IN INDIA
GOODS AND SERVICES TAX ON LOTTERY IN INDIA
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If your lottery winnings exceed $5,000, the prize payor can withhold up to 15% for state taxes If you live in a state with no income tax (
The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax Personal Income Tax Prizes received by Massachusetts residents from the Massachusetts lottery or from lotteries, raffles, races, beano or other events of
kerala lottery result 8.10.23 Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings
