Income Tax on winnings from Lottery, Game Shows, Puzzle

Tax on winning lottery, puzzle, card game, horse race is a lottery win tax free Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, is people''s postcode lottery legit Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

isrd020 Calculating Indian taxes for lottery winnings As per the 1986 Finance Act of Section 115 BB's Chapter XII of said Income Tax Act, winnings