How much tax has to be paid on lottery or game show prize money?
How much tax has to be paid on lottery or game show prize money?
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Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,
Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you The person who signs the Affidavit of Support is also called the “sponsor ” The petitioner must complete Form I-864; however if the petitioner's income is
how much tax deducted from lottery winnings 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 The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600
