Section 115BB of the Income Tax Act Taxscan

website 115bb Tax on lottery income section 115BB 30% 20% 10% 15% 115bb 115BB Till FY 2022-23 there was no distinction between offline and online game winning for taxation purposes, says Kumarmangalam Vijay

115bb 115BB Till FY 2022-23 there was no distinction between offline and online game winning for taxation purposes, says Kumarmangalam Vijay  Under Section 115BB of the Income Tax Act 1961, your casual income is subject to taxation This section aims to prevent tax evasion and ensure  115BB of the Income Tax Act, Income from winnings from online games would fall under the income covered in section 115BB and accordingly be taxed at the rate

Share

Share

Link

Turn off sharing Copy link

See all details