Won a lottery or prize money in India? Here's what you need to know

lottery winning taxes
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The winner of the $ billion jackpot has hefty taxes coming IRS withholding takes $187992000 up front, and $101829000 more is due April

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

lottery claim The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made

lottery store The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made