Mint - As per section 115BB of the Income-tax Act,1961

115BB of the Act to exclude income from winnings from any online games from section 115BB Here, an Online Game refers to a

Mint - As per section 115BB of the Income-tax Act,1961 Firstly, Section 115BB says that anything that accrues from pay-to-earn or crosswords, etc will be taxed at a full tax rate which is %

115BB of the Act to exclude income from winnings from any online games from section 115BB Here, an Online Game refers to a

115bb of income tax act As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games shows, etc will attract tax at the rate of

Section 115BB was inserted by the Finance Act, 1986 to tax the winnings at the flat rate of 40% [It is to be noted that the rate of 40% was

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

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