dream11 tax percentage,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 nee

dream11 tax percentage Do I have to pay taxes when I withdraw my winnings 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'. eAlso the benefit of basic exemption limit is not available for casual income. TDS @ 30% is deducted u/s 194B in case of winnings from lotteries if the amount exceeds Rs. 10,000/-. Since Dream 11 also treats it as a casual income and deducts TDS , we cannot claim it under basic exemption limit. Like. Reply. Quote. https://www.desidime. eDream11 is a founding member of FIFS (Federation of Indian Fantasy Sports) On winnings above Rs 10,000, TDS at the rate of 30% is being deducted under 194-B of Income Tax Act, 1961 GST at the rate of 18% is being paid by Dream11 on supplies made by it (considering them as other online services) 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. e"The provisions of Section 115BB of Income Tax Act, 1961 mandates a flat tax rate of 30 per cent (plus surcharge and cess) on such income, without any deduction or exemption or slab rate," says ... 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.

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    eIndia expected to be home to 100 Mn fantasy sports users by the end of 2020 with the likes of Dream11, MPL, HalaPlay leading the charge . Dream11 led in terms of revenue generation with INR 801.7 ...

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    Dream11 Level list Fantasy Points System - Dream1 . Any event during extra time will be considered for awarding points. If a player gets 2 ejections, he/she will get a total of -4 points (-2 points fo-dream11 tax percentage