Tax deducted at source on Poker
This query is : Resolved
29 March 2023
Let’s say there are two poker sites: Site 1 and Site 2
Site 1 : I made 5L profit and paid 30% tds of 1.5L on it
Site 2 : I am in net loss of 1.8L on this site
Can the losses from one this site be set off against my winning on the other site in the same financial year?
Site 1 : I made 5L profit and paid 30% tds of 1.5L on it
Site 2 : I am in net loss of 1.8L on this site
Can the losses from one this site be set off against my winning on the other site in the same financial year?
29 March 2023
No. Loss cannot be setoff against winnings from lotteries, crossword puzzles, races, card games, and other games.
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