Why do we pay taxes on lottery winnings if the money people use to

is lottery winnings considered income
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As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of

When do you have to report gambling wins? Gambling winnings are considered income — technically, “other income” — on state and federal tax

is there a lottery draw tonight Lottery prizes get taxed under the same rules as regular income tax Whatever prize money you receive during the year is added to your taxable

is playing lottery a sin Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted