Section 115BB in The Income Tax Act, 1961

website 115bb 115BB — Held, Yes By C N Vaze, Shailesh Kamdar, Chartered Accountants Reading Time 4 mins fiogf49gjkf0d 23 114 ITD 638 ACIT v Raghunath B 115bb 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 According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes  Manufacturer: Comair Rotron Part Number: GAA8038-115BB Amps: 20 Voltage : 115 Watts: 14 LeadTerminal Type: Terminal Pins Number LeadsTerminals: 2  Here is Casual Income Sec 115BB Is Betting & Lottery LEGAL? CA Inter Income Tax

Share

Share

Link

Turn off sharing Copy link

See all details