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Tax on Winning
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)
You will receive your winning amount after such deduction of 30% from dream 11 itself.
But they will deduct TDS only after winning crosses ₹10,000. What if I won only ₹9000 and didn't withdraw it???
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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