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While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's

Lottery prizes get taxed under the same rules as regular income tax Whatever prize money you receive during the year is added to your taxable Lottery winnings in India are not normally taxed as regular income; rather, they are subject to a fixed flat tax of 30% Section 194B of the

golden goddess mobile slot Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings While some states impose taxes on lottery winnings, others do not This discrepancy can significantly impact the amount of money a lottery winner ultimately