Income Tax on Online Gaming in India
Income Tax on Online Gaming in India
The government of India has proposed new rules under the Income Tax Act to define online gaming and levy a tax of 30% on net winnings from
How about money won from offshore online poker? Winnings are withdrawn as Bitcoin, how do we report this after converting it to AUD on an online exchange? As per the provisions of the Income Tax Act you have to pay 30% tax on the amount that you win from playing poker Also it is the responsibility of the person
11 enchanting relics slot If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding For online poker earnings and other profits, you'll need to submit a tax return to the IRS before April 18th You'll be penalized for submitting
