COS 115BB - Cosmetology Concepts III-BB

115BB provides as follows:-“Tax on winnings from lotteries, crossword puzzles, races including horse races,or from gambling or betting of any form or

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 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

115bb Section 115BB of the Act provides for the rate of tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games