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Tax on Winning

182 views 3 replies

Tejas Bhayani

Student

84 Points Posted on 30 November 2020

If I won ₹150 on dream11, but I can not withdraw the same due to minimum withdrawal of ₹200, whether such winning is taxable at the rate of 30% or it will not be taxable because of non-withdrawal ??

Replies (3)

gameplaysNmore

96 Points Posted on 30 November 2020

You will receive your winning amount after such deduction of 30% from dream 11 itself.

Tejas Bhayani

Student

84 Points Posted on 01 December 2020

But they will deduct TDS only after winning crosses ₹10,000. What if I won only ₹9000 and didn't withdraw it???

sathya kumar s

Accountant

199 Points Posted on 01 December 2020

TDS need to be deducted while doing payment.therefore unless you put request to withdraw money they will not deduct tds.

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