Taxability of winnings from Online Games
Taxability of winnings from Online Games
The rate of TDS in the case of such incomes is 30% if the income exceeds Rs 10,000 Such tax deducted at source is income and the amount received is net income
TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess Any assessee received income by way of Winnings from lottery or crossword puzzle or card game and other game of any sort and amount is exceeding ,000-
are there any slot apps for real money The deductor is liable to deduct TDS at the rate of 5% No Surcharge and Educational Cess will be levied on the above TDS rate If the Deductee There is no fixed rate for TDS deduction; it varies as per the nature of the transaction For example, in the case of salary payment, TDS is deducted as per the