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Tax on gambling income


ankesh2000 (articleship)     13 April 2019

ankesh2000
articleship 
 25 points

| My Other Post

i played on a uk based gambling site and got a winning prize of 1.2 lakh . On which they have not deducted any TDS.
so i need to pay 30.9% from my end.
my question is here should i pay this tax the date when i withdrew that money (i.e. middle of a financial year )or end of the financial year at the time of return filling.

avater

yugal jain   14 April 2019

yugal jain

 6 points

View Profile | My Other Post

before filing return....and tax will be 31.2% ....as cess has increased from 3 to 4 percent

if tax liability is more then 10000/- you will have to pay advance tax.

avater

ankesh2000 (articleship)     14 April 2019

ankesh2000
articleship 
 25 points

View Profile | My Other Post

section reference please?


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