Income tax rules on winnings from online gaming

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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

tax regime where claiming Chapter VIA deductions are not allowed except Section 80CCD as per Section 115BAC of the Income Tax Act To According to the Income Tax Act, any game winnings are considered income and are subject to tax at 30% under Section 115BB This includes the

coexchange99.com direct taxes · class-11 0 votes 1 answer Gross total income, income tax Act asked Jan 3, 2023 in Commerce by AdityaGatkal  : Although, winnings from lotteries, etc is part of income, shall be allowed under any provision of the Income-tax Act However