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ITR with Profit/ Loss from Online Gaming

Others 1891 views 4 replies

Is there a CA who has expertise in filing ITR with profit/ loss from Online gaming and refund for TDS deducted in this regard ?

Please contact me urgently as I need to revise my ITR in this regard. 

Replies (4)
On gamings maximum tds rate may be considered.You may have to pay cess .You don't get any refund unless your GTI is less than 2.5lacs

Hello I'm a gamer and qualified Chartered Accountant. Reach me out here casiddiquemirajwale @ gmail.com 

Online betting games like d11, rummy circle, fab 11 has to mandatoriky deduct tds when their winning amount is greater than 10,000 at the rate of 30% + 4% cess in addition to that in total 31.2% as per 194b, A person winning those lottery games has to file his itr by showing that income on other source column and use those tax already deducted for paying tax
contact: happytaxconsultancy @ gmail.com for help
There won't be any refund since no expenses are allowed against winnings


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