Pls. guide on applicability of TDS deduction on the winning of online games like online rummy , online poker and online fantasy cricket etc.
sonali gujare 28 December 2017
Pls. guide on applicability of TDS deduction on the winning of online games like online rummy , online poker and online fantasy cricket etc.
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
Wic Coe 11 February 2023
It depends on the game you are playing. Generally, TDS is not applicable on winning of online games. However, if you are playing a game of chance like satta, then TDS may be applicable. It is best to check with the game provider to know the exact rules and regulations.