Taxes on Lottery Winnings for US Expats & Nonresident Aliens

The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at

winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You

how many people applied for dv lottery 2025 How to calculate gambling duty ; 1 Totalisator betting in connection with horse racing, 25% x (Amount of bets received - Winnings paid out

how does postcode lottery work As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,