Do I need to pay tax on my winnings?

lottery after tax
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If not, it will invite a fine of one percent for every month of delay Most of the lottery winners are unaware about this and it will lead to

Prizes and honors that have not gained official clearance is subject to a 30% tax Additionally, a cess rise in tax rate will be required The Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

slot machines harrahs cherokee lottery To be liable for the tax , it is not necessary that the person after September 2 , 1958 b ) in business of accepting wagers A person Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The