Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous
Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and
Congratulations, You Just Won a Jackpot! Now Pay Up! - do you have to pay tax if you win the lottery
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No You will have to pay income tax on the earnings received from those winnings if you're wise enough to invest the money
do people win the lottery Tax treatment of winnings Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare
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