Won a lottery or prize money in India? Here's what you need to know

How can I protect my lottery winnings from taxes? how to avoid taxes on lottery winnings The best answer, already given, is to consult a tax attorney before cashing in the lottery ticket It's not income until you cash it in Take how much do poker players make Under Section 58, no tax exemption or deduction can be availed by the person winning cash or assets as prize from a game show, lottery, etc So you cannot

how to beat video poker For federal purposes, report your total winnings on your Form 1040 Schedule 1 and report all your losses (cost of buying all your tickets for the taxable