Section 115BB of the Income Tax Act, 1961

website 115bb 115BB of the Income Tax Act Judicial Member Shri Ravish Sood and What they had held is irrespective of the head of income, the same shall be 115bb of income tax act 14 115BB 15 115BBE 16 115BBF (Tax

115bb Further, the income earned from winnings is subject to tax in the hands of the person winning the game under section 115BB of the IT Act @ 30%  Such winnings are chargeable to tax at a flat rate of 30% under section 115BB Conditions: a No expenditure or allowance can be allowed from such income b  115BB of Income Tax Act, 1961 TAXATION OF LOTTERY OR GAME SHOW INCOME

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