GAA8038-115BB Comair Rotron

GAA8038-115BB Comair Rotron 115bb 115BB [ Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any 115bb of income tax act 115BB of the Income Tax Act? The facts in a nutshell are as under: The 28,52,18,347- was brought to tax by the assessee at the flat rate of 40% as

115bb of income tax act What is meant by INCOME FROM LOTTERY MUST BE EQUAL TO 2a OF SCHEDULE OS DTAA 115BB RESPECTIVELY IN SCHEDULE OS I have not won any lottery

115bb Section 115BB specifically addresses the taxation of income derived from gambling or betting activities, including winnings from offline gaming contests  Section 115BB of the Act provides for the rate of tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games