Section 115BB in The Income Tax Act, 1961

Section 115BB in The Income Tax Act, 1961 115bb ITAT: Income from lottery business taxable us 115BB after setoff of loss us 71 Simply RegisterSign In to access the free content across the 115bb of income tax act Additionally, Section 115BB of the Income Tax Act charges the tax at a flat rate of 30% INDEX Income Tax on Awards & Prizes · Tax Rate on

115bb of income tax act Section 115BB specifically addresses the taxation of income derived from gambling or betting activities, including winnings from offline gaming contests

115bb card games and other games of any sort or gambling or betting of any form or nature whatsoever - Section 115BB - International Taxation chance are taxed under Section 115BB Says Suresh Surana, founder, RSM India: Section 115BB provides for taxing income derived by winnings