Clause 53 - Amendment of section 115BB

Clause 53 - Amendment of section 115BB 115bb of income tax act As per Section 115BB of The Income Tax Act, 1961, the government would levy tax on winnings from lotteries, crossword puzzles, races including taxes on michigan lottery winnings direct taxes · class-11 0 votes 1 answer Gross total income, income tax Act asked Jan 3, 2023 in Commerce by AdityaGatkal

taxes on michigan lottery winnings 14 115BB 15 115BBE 16 115BBF (Tax on

night teer result actor 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  Winnings from any online game shall be charged to tax under this section of the Income Tax Act, 1961 115BB