Lottery Winnings

tax, cheating the revenue, fraudulent trading and failing to prevent the facilitation of UK tax evasion offences,” he claimed Mr Laddie

You don't have to win the big jackpot to owe lottery taxes Your winnings are considered taxable and are added to your ordinary income when

lottery 1 8 65 For example, lottery and betting winnings are generally exempt from income tax So why is winning a darts competition treated differently?

lottery sign For instance, if Rahul has won Rs 3 lakhs as prize money from a game show and has an interest income of Rs 5 lakhs , then the tax liability