115bb of income tax act
10 Key Points About Casual Income Tax in India
115bb of income tax act
website 115bb of income tax act 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 wizard of oz slot machine game downloadable content 115BB of the Act Note: In Aroon Purie v CIT 375 ITR Categories Allied Laws · GST Law · Income-Tax Act · Tax Laws Recent Posts
115bb of income tax act DIFFERENCE BETWEEN SECTION 115BB AND 194B OF INCOME TAX ACT 115BB Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race including horse race (not 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