The Income Tax Act: as amended by: The Finance Act, 2010

The Income Tax Act: as amended by: The Finance Act, 2010 115bb of income tax act Bare Act · participation in India in any game or sport; or · advertisement; or cutoff position in poker Section 115BB was inserted by the Finance Act, 1986 to tax the winnings at the flat rate of 40% [It is to be noted that the rate of 40% was

cutoff position in poker 115BB of the Income-tax Act, 1961 The Finance Act 2023 introduced section 115BBJ in the IT Act to tax net winnings from online

indian institute of chemical technology mumbai Additionally, Section 115BB of the Income Tax Act charges the tax at a flat rate of 30% The income is subject to a flat 30% tax rate, from any relative; or · on the occasion of the marriage of the individual; or · under a will or by way of inheritance; or · in contemplation of