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Section 194B of Income Tax Act

Section 194B of Income Tax Act

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from any relative; or · on the occasion of the marriage of the individual; or · under a will or by way of inheritance; or · in contemplation of

Current income tax laws mandate that these winnings are taxed according to the income tax slab applicable to the income of the individual  If a person whose total income before allowing deductions under Chapter VI-A of the Income-tax Act or deduction for capital gains , does not

17 tarikh lottery result Complete tax details about such income is covered under section 115BB of the Income Tax Act This section details the income earned on winnings DIFFERENCE BETWEEN SECTION 115BB AND 194B OF INCOME TAX ACT

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