Winning from online betting on sports
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2017
Sir/Madam,
I was received in bank rs 30000 by investing rs 20000 in online betting site and all transactions done through saving bank account.it attract any tax .if yes what is tax amount.
Please tell full details
Thanks in advance....
I was received in bank rs 30000 by investing rs 20000 in online betting site and all transactions done through saving bank account.it attract any tax .if yes what is tax amount.
Please tell full details
Thanks in advance....
09 July 2017
all betting income is taxed maximum tax rate ie 30.9%.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2017
Thanks for reply...I can pay on profit (10000) or on winning (30000)
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