Tds on winnings
Akhil (Student CA ) (980 Points)
27 July 2023
tds not deductedon winnings from card games....should i reporrt it or not in ITR....will they deduct in future?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169494 Points)
Replied 27 July 2023
Is the prize amount below Rs. 10,000/?
Akhil
(Student CA )
(980 Points)
Replied 01 August 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169494 Points)
Replied 01 August 2023
It is mandatory to deduct TDS for winning on card games. Just inquire with the client for any tds deduction by the programmer in future.
You need to declare in ITR and pay tax over it without any deductions.
CAclubindia
