Mint - As per section 115BB of the Income-tax Act,1961

115bb - Where a non-resident athlete who is a foreign national earns the following income, he will be taxed at

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 of income tax act 115BB of the Act This computation was refused by the AO and held that the total winnings are to be taxed us 115BB and losses cannot be set off against

115bb 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