Income from Other Sources - Prize money

115bb of income tax act   Dan lottery sambad actor khela

According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes the

income not assessable under the special provisions contained in Section 115BB of the Income Tax Act but assessable as business income The Income Tax Income from any such online gaming apps or websites must be declared under Section 115BB of the Income Tax Act of 1961 Under Section 115BB, “

sangrur satta result today Tax Rate on Lottery Winnings: Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act  income-tax rules that govern win- nings from online games the provisions of Section 115BB If it requires application of