115bb Of Income Tax Act

115bb of income tax act   Dan jalna bus depot contact number

INCOME TAX ACT SECTION 115BB TAX ON WINNINGS FROM LOTTERIES, CROSSWORD PUZZLES, RACES INCLUDING HORSE RACES, CARD GAMES AND OTHER GAMES OF ANY SORT OR GAMBLING

As per Section 115BB of The Income Tax Act, 1961, the government would levy tax on winnings from lotteries, crossword puzzles, races including As per Section 115BB of the Income Tax Act the current rate of Income Tax on winnings from gambling is 30% Plus there is education and higher education cess

kanya rashi ka lucky number to : Earlier, income from online games was taxed under section 115BB of the Income-tax Act 1961 and tax was required to be A bare reading of the above circular and the provisions makes it clear that Section 115BB of the Act envisages taxation at the flat rate of 40% on the total