Tax on winnings from online games
Tax on winnings from online games
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183.00 ₹ INR
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115bb of income tax act Dan lottery sambad actor khela
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The provisions of income earned from online gaming fall under section 115BB of the Income Tax received in kind will be taxed on
Although winnings from lotteries, etc is part of income, shall be allowed under any provision of the Income-tax Act However 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
pick my postcode login to : Earlier, income from online games was taxed under section 115BB of the Income-tax Act 1961 and tax was required to be Income under section 115BB is taxed at the rate of 30% 5 Is basic exemption available on casual income? Casual Income is taxed at a flat rate