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website 115bb According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes 115bb of income tax act 115bb Of Income Tax Act – Presentation on theme: “PENNY TRANSMISSIONS AND DEVELOPMENTS IN THE PAGE OF FACILITIES CH
115bb INCOME TAX ACT SECTION 115BB TAX ON WINNINGS FROM LOTTERIES, CROSSWORD PUZZLES, RACES INCLUDING HORSE RACES, CARD GAMES AND OTHER GAMES OF ANY SORT OR GAMBLING Section 115BB of the Income Tax Act · Understanding Section 115BB of the Income Tax Act: Taxation of Winnings Marg ERP Ltd 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
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