Timken Single Row Ball Bearing - 115BB -

46b-115bb Service of petition and order - Statutes - 115bb 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 115bb Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature

115bb of income tax act chance are taxed under Section 115BB Says Suresh Surana, founder, RSM India: Section 115BB provides for taxing income derived by winnings