115bb
section 115bb tax on winnings from lotteries crossword puzzles
115bb
website 115bb 115BB provides as follows:-“Tax on winnings from lotteries, crossword puzzles, races including horse races,or from gambling or betting of any form or 115bb Section 115BB Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race
115bb Amendments to Existing Sections: Notably, amendments have been made to Section 115BB and Section 194B, excluding online game winnings from their Additionally, Section 115BB of the Income Tax Act charges the tax at a flat rate of 30% INDEX Income Tax on Awards & Prizes · Tax Rate on 115BB has limited scope to tax winning arising from speci- fied categories Any winnings from an offline game shall be taxed under Section 115BB only if
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