Taxation of Casual Income - Section 115BB & 115BBJ

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

115BB of the Act This computation was refused by the AO and held that the total winnings are to be taxed us 115BB and losses cannot be set off against

115bb ITAT: Income from lottery business taxable us 115BB after setoff of loss us 71 Simply RegisterSign In to access the free content across the

115bb of income tax act Explore the key differences between Section 115BBE and Section 115BB of the Indian Income Tax Act Learn about their applicability,