Income Tax Act, 1961 Section 115-Bb

115bb of income tax act   Dan jackpot tax calculator

The relevant section 115 BB of the Income Tax Act, 1961, reads as under: '115BB Where the total income of an assessee includes any income by

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

28 ताश The Income Tax Act of 1961, since its inception, has subjected Section 115BB of the IT Act mandates separate taxation for these winnings  Bare Act · participation in India in any game or sport; or · advertisement; or