Section 115BB of the Income Tax Act, 1961

There are certain casual incomes such as winning from lotteries, horse races, and other games of gambling or betting in nature which are taxed at a certain flat

ITR-2 Form · Income from Salary or Pension · Income from House Property · Income from Capital Gains · Income from Other Sources (

winning powerball numbers for saturday july 6th 2024 taxed as income from lottery The AO assessed the value of car at ,98,204- as winning from lottery and the same was charged to tax The C IT

winning powerball numbers for july 6th 2024 These winnings are taxed under section 115BBJ of the Income Tax Act, 1961 under the head of income 'Income from other Sources' in the ITR