Taxation of Winnings from Lotteries, Games, Gambling, and Betting Activities - Section 115BB

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....assessee includes any income by way of winning from any Lottery/Crossword Puzzle/ Race including horse race (not being income from owing & maintaining race horses) or card game or gambling or betting of any form or nature the income-tax payable shall be aggregate of : • 30% of the income by way of such winning (Slab benefit not available) - • Normal tax rates on the balan....

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....vided that nothing contained in this section shall apply to income by way of winnings from any online game for the assessment year beginning on or after the 1st day of April, 2024.  Meaning of Important Term • For the purposes of this section,-  • (i) "horse race" shall have the meaning assigned to it in section 74A; •  "horse race" means a ....