115bb Of Income Tax Act

115BB of Income Tax Act, 1961 TAXATION OF LOTTERY OR GAME SHOW INCOME

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

115bb 115BB , the rate or rates specified in section 115A or section

115bb of income tax act 115bb of the Income Tax Act Nawathe had added his prize money to The tax department, however, stated that the prize money has to be