Section 115BB of Income Tax Act for AY 2023-24

115bb   Dan 115bb

Tax on amount received from prize or lottery is payable under Section 115BB of the Income-tax Act Tax on winnings from lotteries, crossword puzzles, races

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सट्टा किंग सट्टा किंग सट्टा किंग 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 115BB of the Act This computation was refused by the AO and held that the total winnings are to be taxed us 115BB and losses cannot be set off against