Can I transfer the money I have won from international lottery to my bank account in India?

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1142306

2026-02-19 05:00

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Yes, you can transfer winnings from an international lottery to your bank account in India, but there are specific regulations and tax implications to consider. You'll need to comply with the Foreign Exchange Management Act (FEMA) and may have to declare the winnings to the Income Tax Department in India. It's advisable to consult with a financial advisor or tax expert to understand the process and ensure compliance with all legal requirements.

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