Tax implications of online gaming under income tax & GST

115bb of income tax act   Dan legacy of dead big win

Such winnings are chargeable to tax at a flat rate of 30% under section 115BB Any income chargeable to tax under the Act, but not falling under any other

As per newly inserted section 115BBJ of the Income Tax Act,1961, 115BB as it will be covered us 115BBJ  the head of 'Income from other sources' under section 115BB of the Income Tax Act, 1961 Income from winnings from online games would fall under the income

h1b visa ramaswamy 115bb Of Income Tax Act 115BB Order of application of assets : residual unrealised net loss Order in which assets are to be applied 165-115BB In applying subsection 165-115B