Section 115BB in The Income Tax Act, 1961

115bb   Dan 115bb of income tax act

115BB — Held, Yes By C N Vaze, Shailesh Kamdar, Chartered Accountants Reading Time 4 mins fiogf49gjkf0d 23 114 ITD 638 ACIT v Raghunath B

Section 115BB specifically addresses the taxation of income derived from gambling or betting activities, including winnings from offline gaming contests  Section 115BB of the Act provides for the rate of tax on winnings from lotteries, crossword puzzles, races including horse races, card games and

keno tennessee lottery Section 115BB of the Act provides for the rate of tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games Explore the key differences between Section 115BBE and Section 115BB of the Indian Income Tax Act Learn about their applicability,