Tax on winnings from lotteries, Card games , Horse races

115bb of income tax act   Dan euromillions tax

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

115BB Order of application of assets : residual unrealised net loss Order in which assets are to be applied 165-115BB In applying subsection 165-115B INCOME TAX ACT SECTION 115BB TAX ON WINNINGS FROM LOTTERIES, CROSSWORD PUZZLES, RACES INCLUDING HORSE RACES, CARD GAMES AND OTHER GAMES OF ANY SORT OR GAMBLING

kerala lottery result today declared for akshaya ak-659 draw. to : Earlier, income from online games was taxed under section 115BB of the Income-tax Act 1961 and tax was required to be Section 115BAC of the Income Tax Act Editorial Team - Oct 31