Taxation of Casual Income - Section 115BB & 115BBJ

Taxation of Casual Income - Section 115BB & 115BBJ 115bb of income tax act Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature journey of fate destroying emperor wiki Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature

journey of fate destroying emperor wiki Winnings from any online game shall be charged to tax under this section of the Income Tax Act, 1961 115BB

lottery office ernakulam 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  Before the introduction of sections 115BBJ and 194BA of the Income Tax Act, the taxability of online winnings was governed by section 115BB (taxability of