Tds on winnings from card game

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16 Points Joined October 2015

Dear Experts,

I would like to how to deduct TDS u/s 194B winnings from lotteries or crossword puzzle. Suppose amount invested to play card game is rs. 1000 and website platform fee is Rs. 100 and winnings form the game is 20000. Whether the TDS to be deducted on 20000 or 18,900(20000-1000-100).

Thanks in advance

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On 27 February 2019 at 11:30 Report
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Assistant Professor
571 Points Joined September 2017
No, tds will be deducted on 20000 rs as you cannot less expenses for gambling Income.
deduction of expeneses is not allowed against such type of income
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On 27 February 2019 at 13:26
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609 Points Joined September 2013
tds is to be deducted on rs 20000
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On 27 February 2019 at 14:31
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CA FINAL ASPIRANT
3115 Points Joined September 2018
tds should be deducted on 20000...as per section 58(4) no deduction can be claim in respect of expenses made on such earnings
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On 07 March 2019 at 22:18


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