Rate at which winnings are taxed depends on level of skill applied
Rate at which winnings are taxed depends on level of skill applied
Even if your total income is below the threshold, you cannot claim refund on the TDS deducted from a prize money as tax on such amount received from prize or
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 Though there are taxation provisions under the Income Tax Act to Accordingly, Section 115BB of the Act has been amended to exclude
ak659lottery INCOME-TAX ACT, 1961 ______ ARRANGEMENT OF SECTIONS ______ CHAPTER I PRELIMINARY SECTIONS 115BB Tax on winnings from lotteries, crossword puzzles, income, and after setting off such losses, and the betting income was brought to tax by the assessee at the flat rate of 40% as prescribed us 115BB of the Act
