Section 115BB in The Income Tax Act, 1961

115bb   Dan 115bb of income tax act

The relevant section 115 BB of the Income Tax Act, 1961, reads as under: '115BB Where the total income of an assessee includes any income

As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games shows, etc will attract tax at the rate of 115BB Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race including horse race (not

strip poker commodore 64 Additionally, Section 115BB of the Income Tax Act charges the tax at a flat rate of 30% INDEX Income Tax on Awards & Prizes · Tax Rate on 115BB of the Income Tax Act Indian Tax Laws - Gambling