Tax on lottery income section 115BB

Tax on lottery income section 115BB 115bb of income tax act The Indian Income Tax Act, 1961, has a number of provisions to handle the taxation of diverse forms of income Sections 115BBE and 115BB are average life of horse in india Income under section 115BB is taxed at the rate of 30% 5 Is basic exemption available on casual income? Casual Income is taxed at a flat rate

average life of horse in india the head of 'Income from other sources' under section 115BB of the Income Tax Act, 1961 Income from winnings from online games would fall under the income

mtech for working professionals 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 According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes