Tax on Online Betting Games (Dream11) | Tax on Gambling and Lottery Income | Income Tax Telugu

inwards this video, permit’s understand how the income earned from online games and betting is taxable under Income Tax. Sec 115BB of the Income Tax Act deals with taxation of these games, lottery games and any sort of betting or gambling. Sec 194B deals with TDS on these winnings.
So if you are playing on Dream11, Kubera or any other similar apps understanding this tax compliance is very of import.

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⌚Timestamps:
00:00 Introduction
01:01 Taxability
02:22 TDS applicability
03:01 TDS Refund
03:30 representative

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