Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

TAX ON POKER/Gambling WINNINGS

This query is : Resolved

Share Report Follow Query Ask a Query

preeti (Querist)
Follow

21 February 2020 Hello

A person has invested Rs 14,00,000 in poker and Received Rs 14,50,000. TDS was deducted on full amount of Rs 14,50,000. When ITR will be filed his income is 1450000 (Full amount received) or 50000 (Net Income) ??.

Under which head this Income should be shown. Which ITR Form will be filed?

Please Reply
Thank You

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

25 May 2020 Income Tax is all about the Income Earned. You need to show only Rs. 50K as Income and pay tax accordingly

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Sreerama Reddy

Sreerama Reddy

Pro Member Michael & Co.

Michael & Co.

Pro Member Suneel Shah

Suneel Shah

Pro Member svgovindaraju

svgovindaraju

Pro Member Rajendra Prasad K

Rajendra Prasad K

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

26 May 2026

Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details

ARTICLESHIP 08 June 2026

Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details

26 May 2026

Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details

ARTICLESHIP 28 May 2026

Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details

14 May 2026

Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details

23 May 2026

Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

18 May 2026

MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details

ARTICLESHIP 04 June 2026

Article

Rakhecha & Co.

New Delhi

CA Inter

View Details