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Tax on gambling income


ankesh2000 (articleship)     13 April 2019

ankesh2000
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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.

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yugal jain   14 April 2019

yugal jain

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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.

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ankesh2000 (articleship)     14 April 2019

ankesh2000
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section reference please?

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Albert52T1 (Job)     05 August 2019

Albert52T1
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Originally posted by : Muller21Q1

Originally posted by : V1ct0r

Originally posted by : ankesh2000

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.


what? I've never paid such taxes while I earn money playing casino games...

wow, what casino site do you use??
guys, could you recommend me a good casino site at all where there is no tax

Do you want to start playing casino games or you have some experience of playing casino? Frankly speaking for both of these purposes I could recommend a casino site where I started playing casino games, because there I found a good betting guide that helped me sort out how to play casino games. Now I've been using this online gambling Singapore for 3 years and quite pleased, because there I don't pay any taxes that you're talking about and these guys provide high coefficients on betting. By the way, it's worth saying that I didn't know that betting may be so interesting :)

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Max Kont   12 November 2019

Max Kont

 36 points

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Lol, that's not fair. I am not going to pay any taxes from my winnings. Moreover, they are so high. I think am able to hide my true sums of money which I win. Moreover, I play on https://www.toponlinecasinos.in/ and there is no the only source I use for it. Hope I'll be lucky.


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