tds not deductedon winnings from card games....should i reporrt it or not in ITR....will they deduct in future?
Replies (3)
Quick Summary
This discussion addresses whether winnings from card games, specifically an amount of £49,000, are subject to TDS (Tax Deducted at Source). It clarifies that TDS deduction is mandatory for such winnings. You are advised to declare the full amount in your Income Tax Return (ITR) and pay the applicable tax without any deductions. It's also recommended to inquire with the client about potential future TDS deductions.