115bb Of Income Tax Act

115bb Of Income Tax Act 115bb of income tax act According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes gondor lord of the rings Tax Rate on Lottery Winnings: Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act

gondor lord of the rings to : Earlier, income from online games was taxed under section 115BB of the Income-tax Act 1961 and tax was required to be

government of goa jackpot stardigit 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 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