Tax on Lottery Winnings in India Section 194B of IT Act

do you have to pay tax if you win the lottery   Dan do you have to be a citizen to win the lottery

If so, you must include its fair market value when figuring your income Reporting gambling profits and loss on your taxes Gambling losses can be

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 Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do

gold fish feeding time castle slot machine If so, you must include its fair market value when figuring your income Reporting gambling profits and loss on your taxes Gambling losses can be Do I have to pay taxes on winnings? You must pay taxes on Illinois Lottery prizes Therefore, we strongly suggest players contact a financial planner, tax