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TDS on 115BB

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sakthi dharan

13 Points Posted on 03 August 2024

I have been playing in the dream11 app.

I had winnings of 246170 rs in the months of april and may 2023.While withdrawing the amount,tds of 73000 rs was charged.

In the next 10 months from june 2023 to march 2024,I had huge losses that the overall net loss is over 3 lakhs.

So,In the financial year 2023-2024,I had lost more than 3 lakhs and I have also paid 73000 rs as tds.

Is this tds refundable?

Logically it seems like I should get this refund.

If it can be refunded,what should I do?

Kindly give me your opinion please..

Replies (6)

Quick Summary

A user playing on the Dream11 app incurred significant winnings in April-May 2023, leading to a TDS deduction of ₹73,000. Subsequently, they experienced substantial losses exceeding ₹3 lakhs in the same financial year. The user is seeking clarification on whether the deducted TDS is refundable given their net loss and how to proceed with claiming it. Advice suggests that while TDS on online gaming winnings (Section 115BBJ) can be set off against losses, the user's TDS was incurred under Section 115BB, and they need to file the relevant Income Tax Return (ITR) to claim any potential refund or set-off.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212503 Points Posted on 04 August 2024

No. Refund is not possivle. You need to file relevant ITR.

Abhishek Arthur

50 Points Posted on 04 August 2024

Firstly the provisions are of section 115BBJ for online gaming and taxability is on net winnings so if u incur losses for that it can be set off as the act is silent unlike in offline windfall winnings