Income Tax in case of Winnings from Lotteries, Crossword Puzzles

Section 115BB in The Income Tax Act, 1961 115bb of income tax act The Indian Income Tax Act, 1961, has a number of provisions to handle the taxation of diverse forms of income Sections 115BBE and 115BB are how much are lottery winnings taxed 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

merlin journey of flame review 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