Tax on winnings from lotteries, Card games , Horse races

115bb of income tax act   Dan thakur institute of aviation technology

Section 115BB of Income Tax Act amended by Finance Act and Income-tax Rules Tax on winnings from lotteries, puzzles, horse race,

115BB Deduction's us Chp VIA: No Deductions under Chp VIA (80C to Please refer Income Tax Act, GST Act, Companies Act and other tax compliance Casual Income Sec 115BB Is Betting & Lottery LEGAL? CA Inter Income Tax

mysore bescom number Current income tax laws mandate that these winnings are taxed according to the income tax slab applicable to the income of the individual  As per Section 115BB, a flat tax rate of 30% is applicable on income arising by way of winnings from any: