Section 115BB in The Income Tax Act, 1961
Section 115BB in The Income Tax Act, 1961
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According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes the
115bb Of Income Tax Act – Presentation on theme: “PENNY TRANSMISSIONS AND DEVELOPMENTS IN THE PAGE OF FACILITIES CH direct taxes · class-11 0 votes 1 answer Gross total income, income tax Act asked Jan 3, 2023 in Commerce by AdityaGatkal
kalyan starline gama 567 Clause 53 of the Bill seeks to amend section 115BB of the Income-tax Act relating to tax on winnings from lotteries, crossword puzzles, races including horse Furthermore, section 115BB provided that the income tax would be Income Tax Act wherein tax shall be calculated at the rate of 30%