Section 115bb - Betting Exchange India -

115bb   Dan 115bb

DIFFERENCE BETWEEN SECTION 115BB AND 194B OF INCOME TAX ACT

115B or section 115BB of the Income-tax Act, the amount of income-tax computed under this sub- section shall be increased,– in the case of a person 115BB of the Act to exclude income from winnings from any online games from section 115BB Here, an Online Game refers to a

kalyan guesing Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature  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