Section 194B of Income Tax Act
Section 194B of Income Tax Act
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The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega
on their winnings If I won more than $5,000 in the lottery, why was my check for less than that amount? Income tax will automatically be withheld, just as A: The Lottery Winnings Tax is only charged on cash prizes Q: Who is charged the Lottery Winnings Tax ? A: All persons who receive more than
party poker promotion code Lottery, television, and internet game winners are required to collect and deposit the TDS amount at the time of payment to the Government Here is the list of The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega
