Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

if you win lottery do you pay tax
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As we all follow reality shows and know about their fascinating prize amounts of money, do we know about the taxability of such income?

Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,

if i won the lottery i would buy A: No The tax will be deducted from your winnings and paid by the National Lotteries Board to the Board of Inland Revenue Q: Who

if i the lottery Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another