Income from lottery business taxable us 115BB after setoff of loss u

Section 115BB of Income Tax Act for AY 2023-24 115bb 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 Amendments to Existing Sections: Notably, amendments have been made to Section 115BB and Section 194B, excluding online game winnings from their

115bb of income tax act 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