Section 115BB in The Income Tax Act, 1961

115bb of income tax act   Dan welingkar institute of management matunga

Clause 53 of the Bill seeks to amend section 115BB of the Income-tax Act relating to tax on winnings from lotteries, crossword puzzles, races including horse

Income under the head other sources Chargeability ; Tax rate on casual income Learn Provisions of Income Tax Act,1961; Understand Income from any such online gaming apps or websites must be declared under Section 115BB of the Income Tax Act of 1961 Under Section 115BB, “

goalpara lottery result chart 115 BB rw s 56 of the Act—ACIT vs Reghunath B Taware Reference: Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature