dream11 tax deduction,In case of any revisions by the Government of India to the aforementioned rate in the future, TDS will be deducted by Dream11 in accordance with the then current prescribed TDS rate. Winners will be p

dream11 tax deduction A tax of 30% is deducted at source when your net winning in a contest is more than ₹10,000. The remaining amount (after tax deduction) gets credited to your Dream11 account as 'Winnings'. You will also get a TDS certificate ONLY if you've verified your PAN card on Dream11. A tax of 30% is deducted at source when your net winnings in a contest are more than ₹10,000. The remaining amount (after tax deduction) gets credited to your Dream11 account as 'Winnings'. Since TDS is already deducted from your winnings, NO additional tax is deducted when you place a withdrawal request. eThis will have a prejudicial effect on the tax revenue of the department. Lastly, by the verdict of the Supreme Court, it has been made crystal clear that the Dream 11 is not a gambling and is purely a game of skill thereby attracting 18% of the GST on the income earned through commission by the company. | Mar-19-2021. Yes, you need to pay tax on money winning from Dream11 account, Dream11 will deduct tax at a flat rate of 30% + Cess 3% + Surcharge and transfer the rest of the winning amount to your account. you need to declare your winning income from Dream11 in your ITR, you need to show your winning income under the Head Income from other sources. In case of any revisions by the Government of India to the aforementioned rate in the future, TDS will be deducted by Dream11 in accordance with the then current prescribed TDS rate. Winners will be provided TDS certificates in respect of such tax deductions.

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