Section No 115BB Income-Tax Act

Is amount received as scholarship award taxable? Tax implication exists under Section 115BB of I-T Act Quick Links Magazine Retirement Investment Expenses

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

115bb 115BB provides as follows:-“Tax on winnings from lotteries, crossword puzzles, races including horse races,or from gambling or betting of any form or

115bb of income tax act 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