ONLINE PRIZE RECEIVED

123 views
User Avatar

111 Points Posted on 11 June 2020
₹ 100000/- won by online game Dream11. Is it taxable or not?
please clarify
0 Reply Share Follow
On 11 June 2020 at 08:22 Report
Replies (2)
Quick Summary
A user has won ₹100,000 from the online game Dream11 and is seeking clarification on whether these winnings are taxable. The consensus is that winnings from online games like Dream11 are indeed taxable. Specifically, a 30% tax rate applies under the 'income from other sources' category, meaning ₹30,000 of the winnings would be subject to tax.

User Avatar

Student
1321 Points Posted on 11 June 2020
It is taxable
1 Reply
On 11 June 2020 at 08:26
User Avatar

133 Points Posted on 11 June 2020
30%taxable under the head income from other sources =30000 taxable
Reply
On 11 June 2020 at 11:17

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Affordable Residential Flats in Gurgaon
  2. Manufacturing
  3. TAN REGISTRATION ON E-FILLING SITE
  4. Form 10-IEA – Continuing Old Regime
  5. Income tax act 2026
  6. Belated Return where Form 10IEA filed this year to
  7. GST Reconciliation Tool (2A vs Books) - looking fo
  8. TDS ON PF FORM 19 WITHDRAWAL
  9. Can a virtual office in Mumbai be used for company
  10. Eway and e invoicing in condition where 4 party ar

More recent discussions | Post

Related Topics :

Loading