Section 115bb - Betting Exchange India -

Taxation of Casual Income - Section 115BB & 115BBJ 115bb 115BB provides as follows:-“Tax on winnings from lotteries, crossword puzzles, races including horse races,or from gambling or betting of any form or 115bb 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 of income tax act card games and other games of any sort or gambling or betting of any form or nature whatsoever - Section 115BB - Income Tax - Ready Reckoner