Section 115BB of the Income Tax Act Taxscan

: Although, winnings from lotteries, etc is part of income, shall be allowed under any provision of the Income-tax Act However

The Income Tax Act, 1961 has all along ensured that any Section 115BB of the IT Act provides for a separate taxing mechanism for

book of ra demo As per Section 115BB, a flat tax rate of 30% is applicable on income arising by way of winnings from any:

royal bank of scotland digital banking login : Although, winnings from lotteries, etc is part of income, shall be allowed under any provision of the Income-tax Act However