Tax on Online Gaming in India

115bb of income tax act   Dan lda contractor registration

income not assessable under the special provisions contained in Section 115BB of the Income Tax Act but assessable as business income The Income Tax

Section 115BB was inserted by the Finance Act, 1986 to tax the winnings at the flat rate of 40% [It is to be noted that the rate of 40% was The relevant section 115 BB of the Income Tax Act, 1961, reads as under: '115BB Where the total income of an assessee includes any income by

lottery sambad target number Section 115BB of the Income Tax Act deals with the tax rate applied to casual incomes This article aims to provide a clear picture of the Such winnings are chargeable to tax at a flat rate of 30% under section 115BB Any income chargeable to tax under the Act, but not falling under any other