Section 115BB in The Income Tax Act, 1961

Section 115BB of the Income Tax Act, 1961 115bb Here is Casual Income Sec 115BB Is Betting & Lottery LEGAL? CA Inter Income Tax 115bb of income tax act 115BB of the Income Tax Act As per this section ,income tax payale 115BB Posted by balasubramanian on Jan 19, 2010 Answer ID

115bb 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