TDS on Games

This query is : Resolved

Harish Naidu (Querist)
Follow

22 February 2011 We are an online gaming company, we maintain a website where in you can play rummy game online. We deduct TDS if winning is more than 10,000/-. In this case please clarify:

In a Game the bet amount is 3000/- per person, 6 players are in game, Prize Pool is 18,000/-, we deduct our commission 15% that is 2,700/-, so the person who wins the game gets 15,300/- (which includes his original bet of 3,000) Please help me out whether we need to deduct tax on whole prize of 15,300/- or 12,300/- which is prize pool minus his bet amount.

Guest

Guest (Expert)

22 February 2011 On whole prize.

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

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

Meet our CAclubindia PRO Members

Prashant Kotecha

Akhilesh Chandra

Vasudevan Santhanam

CA Saurabh Jadhav

shobi H

Subscribe Now

TDS on Games

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance

CA Final