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

website 115bb ITAT: Income from lottery business taxable us 115BB after setoff of loss us 71 Simply RegisterSign In to access the free content across the 115bb of income tax act 115BB of the Income Tax Act Indian Tax Laws - Gambling

115bb 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  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 %   ITAT: Income from lottery business taxable us 115BB after setoff of loss us 71 Simply RegisterSign In to access the free content across the

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