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sonali gujare   28 December 2017

Tds on winning of online game

Pls. guide on applicability of TDS deduction on the winning of online games like online rummy , online poker and online fantasy cricket etc. 



Learning

 3 Replies

R.Ramachandran (Advocate)     28 December 2017

Yes, TDS is to be effected on those items.

Megha   05 February 2022

Hi,

Winning from online card games are trated as casual income and are charegable to tax under Section 56(2)(ib) of the Income-tax Act, 1961 (Act) by virtue of definition of income given under Section 2(24)(ix) of the Act.  

Section 194B of the Act provides for deduction of tax source on winning from lotteries and crossword in accordance with the rates in force, if the amount of winnings exceed INR 10,000.  The applicable rates are 30% plus cess of 4% and surcharge, if applicable.  

Best regards,
Megha

Avamark   15 August 2022

Find more stuff on online gaming cards here in case you are into this for now or for a very long time. We can hope that crypto games are the does that there are many people interested for, so just look for that and you will find helpful details to look forward to.


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