Taxation of Casual Income - Section 115BB & 115BBJ

website 115bb Question ID : 19060 Tax on Prize money won from Marathons As per Section 115BB of Income tax act Tax on winnings from lotteries, 115bb Income received from horse races us 115BB Facebook · Twitter · whatapp 46 Income sources that I-T department tracks Income sources that

115bb Firstly, Section 115BB says that anything that accrues from pay-to-earn or crosswords, etc will be taxed at a full tax rate which is %   115BB of Income Tax Act, 1961 TAXATION OF LOTTERY OR GAME SHOW INCOME  Section 115BB of the Income Tax Act deals with tax rates charged on casual income, that is, a flat rate of 30% Deductions or exemptions are not

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