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

income tax on lottery
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Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not

income from winning of lottery is taxable under Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

income tax on lottery : In case taxpayer has earned special income like winning from lottery or horse races, then Income Tax Act In case Taxpayer wants to claim HRA, taxpayer