30% tax on lottery wins of over Rs 10K a year

Income Tax on Awards & Prizes income tax on lottery This form reports the amount of your Lottery winnings and must be filed with your federal income tax return You should also keep a copy for your records income tax slot Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

income from lottery The prizes are considered to be employment income taxable under subsection 5 However, there may be circumstances in which the value of an