Tax on certain incomes.

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....uced by income mentioned in column C thereof. Table Sl.No. Assessee Income Rate of tax Conditions A B C D E 1. Any person. Winnings (other than from any online game) from-- (a) lottery; or (b) crossword puzzle; or (c) race including horse race (not being income from the activity of owning and maintaining race horses); or (d) card game and other game of any sort; or (e) gambling or betting of any form or nature. 30% Nil. 2. A person, resident in India and who is a patentee (herein referred to as an eligible assessee). Royalty in respect of a patent developed and registered in India. 10% (a) No deduction in respect of any expenditure or....

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.... herein shall be allowed against income computed under any provision of this Act to the assessee and such loss shall not be allowed to be carried forward to succeeding tax years. 5. Any person. Any income by way of net winnings from any online game, computed in the manner, as may be prescribed. 30% Nil. 6. Any person. Any profits and gains from life insurance business. 12.5% Nil. (2) For the purposes of this section,-- (a) "carbon credit", in respect of one unit, means reduction of one tonne of carbon dioxide emissions or emissions of its equivalent gases which is validated by the United Nations Framework on Climate Change and which can be traded in market at its prevailing market price; (b....