Taxation of Casual Income - Section 115BB & 115BBJ

Difference between section 115bb and 194b of income tax act 115bb 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 115bb Section 115BB of Income Tax Act amended by Finance Act and Income-tax Rules Tax on winnings from lotteries, puzzles, horse race,

115bb of income tax act 115BB of the Income Tax Act? The facts in a nutshell are as under: The 28,52,18,347- was brought to tax by the assessee at the flat rate of 40% as