Won a lottery or prize money in India? Here's what you need to know

Won a lottery or prize money in India? Here's what you need to know taxes paid on lottery winnings
➡️【Mk.com】✅Official Indian Online Casino✅️Millions of jackpots are waiting for you, register now to claim your bonus✅️Invite your friends to win huge bonuses✅️  As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the taxes on 2 million dollars lottery winnings California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean

taxes on 2 million dollars lottery winnings Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

taxes on poker tournament winnings For winnings of more than $5,000 the DC Lottery withholds percent of lottery winnings for District income taxes District tax withholding rates are Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,