Prize money won in lucky draw wouldn't amount to lottery income: ITAT

lottery income tax
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The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %,

Q- Can income tax deducted from lottery winnings be claimed as a refund? The income tax deducted on lottery winnings cannot be claimed as a 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

911 slot tax exemption) Note Complete Form Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income from Crime Section 194B of the Income Tax Act applies to TDS deductions from the income earned from winning the lotteries Learn about deductions, penalties, and more