115bb
Section 115BB of the Income Tax Act, 1961
115bb
website 115bb Whether ALL PRIZE MONEY TAXABLE UNDER SECTION 115BB EXCEPT THOSE EXEMPT US 10 A number of corporate organizes competition based on real world 115bb 115BB Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race including horse race (not
115bb The tax on winnings from lotteries, crossword puzzle, races, card games, betting is levied under Section 115BB of the Income Tax Act, 1961 Under Section 115BB of the Income Tax Act 1961, your casual income is subject to taxation This section aims to prevent tax evasion and ensure card games and other games of any sort or gambling or betting of any form or nature whatsoever - Section 115BB - International Taxation
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