Loss from online gaming & Betting
This query is : Resolved
29 December 2022
Hi Sir/Madam
where to show the loss from online gaming & betting in ITR. whether the loss is to be set off against any other head income. As per IT Act, winnings from lottery & betting is taxable @30%, but what about loss from online gaming & betting?
Pls clarify
where to show the loss from online gaming & betting in ITR. whether the loss is to be set off against any other head income. As per IT Act, winnings from lottery & betting is taxable @30%, but what about loss from online gaming & betting?
Pls clarify
29 December 2022
Under IFOS head...
Loss cannot be set off against any other income.
Loss cannot be set off against any other income.
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