GAA8038-115BB Comair Rotron

Section 115bb - Betting Exchange India - 115bb 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 115BB of the Act This computation was refused by the AO and held that the total winnings are to be taxed us 115BB and losses cannot be set off against

115bb 115BB — Held, Yes By C N Vaze, Shailesh Kamdar, Chartered Accountants Reading Time 4 mins fiogf49gjkf0d 23 114 ITD 638 ACIT v Raghunath B