Mint - As per section 115BB of the Income-tax Act,1961

115bb   Dan 115bb of income tax act

115B or section 115BB of the Income-tax Act, the amount of income-tax computed under this sub- section shall be increased,– in the case of a person

115BB Order of application of assets : residual unrealised net loss Order in which assets are to be applied 165-115BB In applying subsection 165-115B 115B or section 115BB of the Income-tax Act, the amount of income-tax computed under this sub- section shall be increased,– in the case of a person

monopoly gamble Amendments to Existing Sections: Notably, amendments have been made to Section 115BB and Section 194B, excluding online game winnings from their Income under section 115BB is taxed at the rate of 30% 5 Is basic exemption available on casual income?