115bb of income tax act
Taxability of winnings from Online Games
115bb of income tax act
website 115bb of income tax act 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 babu mohan date of birth As per Section 115BB, a flat tax rate of 30% is applicable on income arising by way of winnings from any:
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 the 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 Tax on profits and gains of life insurance business Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other
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