What are the genuine online lotteries out there?
Mooojo Lotto App:There are many genuine online lotteries out there but this one is really good. I have recently started playing and they have very few users so more chances to make good money!!My Mooojo Team Code: 8dqgka(See the pictire below for the winnings of my team in a week)Its a great Lottery App that requires zero investment and helps you earn around 10$ a week or maybe more if you choose the right team like mine. The name of the app is MOOOJO LOTTERY. Here each team member makes as many entries(lotto tickets) possible each week after watching a 20second ad for the weekly lucky draw. And share the earnings of each team member. So more the team member; the greater the earnings. If you join my team then each team member’s entry will be your entry too and you will also earn from your team member’s entries apart from your entries. Sometimes they don't have ads so you should check back in a few hours and make more entries for the week.I have a screenshot of my teams winnings when I didn't have any entries but still I earned:)Update1: 3rd week of June: Did 200 own entries and got 200 entries thanks to my team i.e. 400 entries. Won over 10$. Sharing the screenshot-
What are the Indian tax rules on playhugelottos winnings?
There is a flat 30% deduction on such winning...NO ITS DEDUCTED AT SOURCE
If I win a lottery/Casino jackpot in USA and pay Mandatory 30% tax of the winning amount to US IRS.Can I get a Tax-Break in India or should pay another 30% tax?
First of all it depends upon your residential status i.e whether you are resident or non-resident or resident and ordinary resident as per income tax act,1961.What is resident, non-resident, resident and ordinary resident?The problem arises when they are told that as per the globally accepted norms, if a taxpayer is resident in one country but has a source of income situated in another country, there is a situation at hand where his income is taxed in both countries, or Double Taxation occurs. To avoid double taxation, you can use the DOUBLE TAXATION AVOIDANCE AGREEMENT between India and US. As per the double taxation avoidance agreement, you can use any one of these two methods to avoid double taxation of your income.Under this method, income is taxed in only one of the two countries.As per the terms of the treaty with countries like Greece, Libya and United Arab Republic, income from dividend , Interest, royalty and fees for technical services are applicable. Under this method, Tax paid in the country of source is deducted from the Global income and then on residual amount income tax is paid.For more queries relating to income tax visit http://www.finmart.com.
Which are the online lottery website in india?
There are plenty of options in India to play and win online lotteries. But, when looking for the best keep in mind to go with lotteries who have established a reputation for helping people win big. Check out their history to see the megabucks millionaires, and if they have winners, it means you too have a chance of winning lakhs and crores. There is one thing to remember that you will have to pay taxes on the winning amount.One of the biggest names in the international circuit is Lottoland. Based out of Gibraltar, this company is soon going to be launching its India operations - in early 2019. If you are not interested in the megamillions, they offer scratch cards for the newbies to get them started. It is expected that they will have lotteries for less than Rs. 100 going up to a couple of thousands making it easy for you play with.
Can I play American (lottery) Powerball from overseas?
Or play at Play lotto and buy lottery tickets online at Lottoland.co.uk, the newer and better alternative to the Lotter! :D We have Powerball and Mega Millions, you won't pay any taxes if you win and all prizes are insured by Lloyd's of London.
Are lottery tickets a scam?
Define “Scam”?If you say “Something that is misleading and too good to be true” - then YES. I call Lotto tickets “a tax on the dumb” because that is EXACTLY what they are. A tax on the dumb. Have you ever noticed that almost EVERY state lotto says “the money goes to schools”? Ever noticed that? Well, you know what - that’s true… in as much as money from lotto sales allow states to CUT funding to schools. Yes, it happens in every state. We have funded schools, they get a lotto and the state says “Great - more mansions for the legislature! More public art! Woo hoo!” and cuts direct funding for schools, letting the lotto “make up for it”. In California, our schools have been chronically underfunded for decades, starting right about the time we signed the lotto into place (true, there are other factors gutting our schools - Prop 13 being a big one).If you say that a scam is a criminal enterprise to part people with their money… well, I’d say possibly. I do not trust that state lotto commissions are full of trustworthy people.So in the most general of senses, I’d say YES - a scam. But more accurately: A tax on the dumb.