Timken 115BB Bearing - Car & Motorbike -

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

Headnote: Income Tax - Taxation of Lottery Winnings - Section 115BB of the Income Tax Act, 1961

115bb The relevant section 115 BB of the Income Tax Act, 1961, reads as under: '115BB Where the total income of an assessee includes any income

115bb of income tax act Section 115BB specifically addresses the taxation of income derived from gambling or betting activities, including winnings from offline gaming contests