115bb
section 115bb tax on winnings from lotteries crossword puzzles
115bb
website 115bb 115BB Till FY 2022-23 there was no distinction between offline and online game winning for taxation purposes, says Kumarmangalam Vijay 115bb of income tax act 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 115BB Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any Such winnings are chargeable to tax at a flat rate of 30% under section 115BB Conditions: a No expenditure or allowance can be allowed from such income b 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
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