Tax on winning from Dream 11 in FY 2022 -23
This query is : Resolved
22 June 2023
Hi,
I want to know whether income tax on Dream11 winning for FY 2022-23 is on net profit (amount withdrawn - amount deposited) or is it on the total amount withdrawn from the app ?
I want to know whether income tax on Dream11 winning for FY 2022-23 is on net profit (amount withdrawn - amount deposited) or is it on the total amount withdrawn from the app ?
22 June 2023
Thank you for your reply sir.
I'm pretty much sure about TDS applicability on (Withdrawn - Deposit) for FY 2023-24. But was not very sure about it for the previous FY i.e. 2022-23.
Thanks again.
I'm pretty much sure about TDS applicability on (Withdrawn - Deposit) for FY 2023-24. But was not very sure about it for the previous FY i.e. 2022-23.
Thanks again.
20 August 2023
Expenses incurred in earning the winnings, such as entry fees or transaction charges, may be eligible for deduction under the head “Income from Other Sources.”
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
