GAA8038-115BB - Fans, Blowers, Thermal Management

GAA8038-115BB - Fans, Blowers, Thermal Management 115bb Tax Implications in Fantasy Sports Fantasy sports and online betting winnings are taxable under Section 115BB of the Income Tax Act They 115bb Section 115BB of the Act provides for the rate of tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games

115bb The provisions of income earned from online gaming fall under section 115BB of the Income Tax received in kind will be taxed on

115bb of income tax act Under Section 115BB of the Income Tax Act 1961, your casual income is subject to taxation This section aims to prevent tax evasion and ensure 115BB has limited scope to tax winning arising from speci- fied categories Any winnings from an offline game shall be taxed under Section 115BB only if