Income from Other Sources

115BB — Held, Yes By C N Vaze, Shailesh Kamdar, Chartered Accountants Reading Time 4 mins fiogf49gjkf0d 23 114 ITD 638 ACIT v Raghunath B

Income Tax - Taxation of Lottery Winnings - Section 115BB of the Income Tax Act, 1961

do scratch offs expire Section 115BB of the Income Tax Act provides tax rate of 30% on certain casual income of betting and gambling in nature

rummy circle noise buds offer Tax on winning from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or