Section 115BBE – Tax on Unexplained or Windfall Incomes

Tax Glossary Definition

Section 115BBE – Tax on Unexplained or Windfall Incomes

This provision imposes a special tax rate on certain categories of income, such as winnings from lotteries, crossword puzzles, and horse races, as well as amounts representing unexplained cash, investments, or expenses identified during assessment. No deductions or exemptions are permitted against such income.

Example: If a person wins ₹5 lakh from a lottery, the entire amount is taxable at 30%, plus applicable surcharge and cess, without any deductions.

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