ITR-2 INDIAN INCOME TAX RETURN

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115bb Of Income Tax Act

As per Section 115BB of the Income Tax Act the current rate of Income Tax on winnings from gambling is 30% Plus there is education and higher education cess Clause 53 of the Bill seeks to amend section 115BB of the Income-tax Act relating to tax on winnings from lotteries, crossword puzzles, races including horse

teen patti dhani apk As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games shows, etc will attract tax at the rate of The tax on winnings from lotteries, crossword puzzle, races, card games, betting is levied under Section 115BB of the Income Tax Act, 1961