consideration problem

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..... dear sir I have a query against special income if I have no normal income ( chargable slabe rate) and i wine a lottery and deduct the TDS from the lottery amount at 30% at the time of recieved in .....

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..... this case i can consider the special income as a normal income for refund income tax if lottery amount not exceed the exemted amount of slabe rate plaese cleare my query - Reply By Surender Gupta .....

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..... - The Reply = Section 115BB of Income Tax Act, 1961 provide the provisions for levy of tax on lottery income. It is 30% on such income. In case assessee does not have any other income, there .....

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..... is no scope of allowing basic exemption as per section 115BB . To remove your doubt, you may also refer to section 112 , where basic exemption has been allowed in respect of long term capital gai .....

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..... ns. - consideration problem - Query Started By: - krishan sharma Dated:- 1-2-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opi .....

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..... nion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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