What is Tax on Kerala Lottery Prize Money?

lottery prize tax
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Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

However, once your prize is in a bank account, any interest earned on your prize is subject to income tax for both you and any gift recipients If you currently The motor car won by you in the draw also falls in the category of lottery Payer of such income is required to deduct tax at a flat rate of

888 poker casino org freeroll password Winners will be responsible for any applicable taxes associated with the prize value unless otherwise specified No substitutions allowed, including cash Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or