Section 115BB in The Income Tax Act, 1961
Section 115BB in The Income Tax Act, 1961
A bare reading of the above circular and the provisions makes it clear that Section 115BB of the Act envisages taxation at the flat rate of 40% on the total
Income under section 115BB is taxed at the rate of 30% 5 Is basic exemption available on casual income? Casual Income is taxed at a flat rate The Income-tax Act, 1961 is the charging statute of Income Tax in India It provides for levy, administration, collection and recovery of Income Tax
भारतीय महिला क्रिकेट लाइव Tax on profits and gains of life insurance business Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other Income under section 115BB is taxed at the rate of 30% 5 Is basic exemption available on casual income? Casual Income is taxed at a flat rate
