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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Income on betting - Set-off of busniss loss against betting and ...


Tax Alert: 40% Tax Rate on Betting Winnings u/s 115BB; No Business Loss Set-Off Allowed.

October 30, 2018

Case Laws     Income Tax     HC

Income on betting - Set-off of busniss loss against betting and gambling income - Total winnings from betting of the assessee should be brought to tax at the rate of 40% as contemplated u/s 115BB

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