Tax on Winning

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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 ??
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On 30 November 2020 at 10:11 Report
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Quick Summary
This discussion explores whether small winnings on platforms like Dream11 are taxable, particularly when the amount is below the minimum withdrawal threshold. It clarifies that Tax Deducted at Source (TDS) is typically applied only after winnings exceed ₹10,000 and when a withdrawal request is made, not on smaller, non-withdrawn amounts.

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96 Points Posted on 30 November 2020
You will receive your winning amount after such deduction of 30% from dream 11 itself.
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On 30 November 2020 at 14:35
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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???
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On 01 December 2020 at 00:30
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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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On 01 December 2020 at 18:09

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