https://www.taxtmi.com/forum/issue?id=2723 Lottery proceeds are taxed under a specific provision (Section 115BB) as special income at a fixed rate; where the assessee has no other income, the basic exemption cannot be applied against that lottery income and tax is computed under the special provision without allowance of normal exemption slabs. en-us Tue, 01 Feb 2011 17:21:05 +0530 Thu, 23 Jan 2025 15:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2723 Lottery proceeds are taxed under a specific provision (Section 115BB) as special income at a fixed rate; where the assessee has no other income, the basic exemption cannot be applied against that lottery income and tax is computed under the special provision without allowance of normal exemption slabs. Discussion-Forum Income Tax Tue, 01 Feb 2011 17:21:05 +0530 https://www.taxtmi.com/forum/issue?id=2723