income tax on lottery
Tax on Winning Game Shows and Lotteries
income tax on lottery
income tax on lottery
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income tax on lottery In other words, the entire income of winnings, without any expenditure or allowance, will be taxable In fact, deduction under sections 80C to 80U on Deductions Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes In this case the Bombay High Court held that prizes on unsold tickets cannot be considered as winnings from lotteries On these issues the Bombay High Court
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