23VAC10-140-281 Income taxation of lottery prizes

why are lottery winnings taxed
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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

Yes Lottery winnings are treated the same as money earned from a job When you file your taxes, you'll need to report the lottery winnings as No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual

advantage slot play forum how are lottery winnings taxed,For Indian users looking to enjoy a seamless online betting and gaming experience, the Dafabet app is a game-changer Wi  Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,