section 115bb tax on winnings from lotteries crossword puzzles

section 115bb tax on winnings from lotteries crossword puzzles 115bb of income tax act Income Tax Assessment Act 1997 CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS Division 165 lottery khela actor Tax Rate on Lottery Winnings: Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act

lottery khela actor Section 115BB was inserted by the Finance Act, 1986 to tax the winnings at the flat rate of 40% [It is to be noted that the rate of 40% was

president institute of computer application reviews Current income tax laws mandate that these winnings are taxed according to the income tax slab applicable to the income of the individual  Even if your total income is below the threshold, you cannot claim refund on the TDS deducted from a prize money as tax on such amount received from prize or