Section 194B TDS on winnings from Lottery, Game Shows & Puzzle

One ticket can win only the highest prize awarded on it Income Tax and Surcharge etc if any, will be deducted at source from the prize money as laid down in

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

how poker works 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

how do you play indian poker In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any