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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 nature whatsoever - Section 115BB - Income Tax - Ready Reckoner - Income Tax

Extract

..... way of winning from any Lottery/Crossword Puzzle/ Race including horse race (not being income from owing maintaining race horses) or card game or gambling or betting of any form or nature the income-tax payable shall be aggregate of : 30% of the i .....

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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 nature whatsoever - Section 115BB - Income Tax - Ready Reckoner - Income Tax

x x x x x   Extracts   x x x x x

..... m such income . TDS will be deduct @ 30% of above-mentioned income under section 194B . Provided that nothing contained in this section shall apply to income by way of winnings from any online game for the assessment year beginning on or after th .....

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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 nature whatsoever - Section 115BB - Income Tax - Ready Reckoner - Income Tax

x x x x x   Extracts   x x x x x