Mint - As per section 115BB of the Income-tax Act,1961

Mint - As per section 115BB of the Income-tax Act,1961 115bb 115BB , the rate or rates specified in section 115A or section 115bb of income tax act Further, the income earned from winnings is subject to tax in the hands of the person winning the game under section 115BB of the IT Act @ 30%

115bb of income tax act 115BB Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race including horse race (not

115bb Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature  The tax on winnings from lotteries, crossword puzzle, races, card games, betting is levied under Section 115BB of the Income Tax Act, 1961