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

Mint - As per section 115BB of the Income-tax Act,1961 115bb 115B or section 115BB of the Income-tax Act, the amount of income-tax computed under this sub- section shall be increased,– in the case of a person 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

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

115bb of income tax act Section 115BB of the Income Tax Act deals with tax rates charged on casual income, that is, a flat rate of 30% Deductions or exemptions are not 115BB — Held, Yes By C N Vaze, Shailesh Kamdar, Chartered Accountants Reading Time 4 mins fiogf49gjkf0d 23 114 ITD 638 ACIT v Raghunath B