TDS deduction on gaming Income U/s 194B
This query is : Open
27 March 2021
My Company is a online gaming company. So, we need to deduct TDS on the winnings amount exceeding Rs.10,000 u/s 194B. But the question is do we need to deduct TDS of the player according to per game basis or do we need to consider the limit of Rs.10000 aggregately irrespectively of the no. of games played. For e.g. Mr. A played a game conducted in April and won Rs.3000. Further he again played in September & Dec and won Rs.5000 & Rs.8000 respectively. Now do i need to deduct TDS in this case or not ??.
Please reply on this query .
My concern is no. of players play our game every day and keeping track of the aggregate amount of winnings earned by such no. of players will be a difficult task.
Please reply on this query .
My concern is no. of players play our game every day and keeping track of the aggregate amount of winnings earned by such no. of players will be a difficult task.
27 March 2021
194B speaks about prize money, TDS liability to be seen per contest, not aggregate.
no TDS required to be deducted even he won crores but single contest less than 10000
no TDS required to be deducted even he won crores but single contest less than 10000
30 March 2021
Thank You Sir for your reply
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