Taxability of winnings from Dream11 or Online Gambling

115B 115 BB of Income Tax Act Tax on profits and gains of life 115bb of income tax act The provisions of was held to be applicable from the assessment year 2013-2014 This section is contained in Chapter XII of the Income Tax Act,1961 treasures of the pyramids slot If a person whose total income before allowing deductions under Chapter VI-A of the Income-tax Act or deduction for capital gains , does not

list of slot machines at caesars atlantic city Section 115BB was inserted by the Finance Act, 1986 to tax the winnings at the flat rate of 40% [It is to be noted that the rate of 40% was