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Can claim TDS winning dream 11

Vinithraj R (37 Points)

04 July 2024

Can claim TDS winning dream 11 ??

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3 Replies

CA Anoop Kumar Sharma (Accounts Manager) (2070 Points)
Replied 04 July 2024

Yes, winnings from Dream11 are subject to TDS in India.

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MPR Sanjay Kumar (3145 Points)
Replied 04 July 2024

@ CA anoop sharma sir , my friend AIS report shows Cash deposits in savings account Rs 20 lakhs ?? whether this is taxable how to show this cash deposit in income tax return which under the head of sources

CA Anoop Kumar Sharma (Accounts Manager) (2070 Points)
Replied 05 July 2024

Cash deposits in a savings account can be taxable, depending on the source of the funds in financial year. Without accurate information about the origin of the deposit, it is difficult to me suggest proper answer.