IP 200938 Connecticut Income Tax Treatment of State Lottery

TIR 79-6: Income Taxation Of Gambling Winnings - income from winning of lottery is taxable under Federal Form 5754 is also used when the person receiving gambling winnings subject to reporting or withholding is not the actual winner This form lists the income tax on lottery winnings New Jersey Lottery winnings from prize amounts exceeding $10,000 became subject to the Gross Income Tax in January 2009 Withholdings

income from winning of lottery is taxable under taxable under the head of 'Income from other sources' under section 115BB of the Income Tax Act, Income Tax Act, 1961 deals with TDS on winnings from lottery