tax

Goa government marginally hikes casino license fees in budget 2017

The Goa government has marginally hiked the recurrring annual casino license fees as well as the fees for transferring casino…

Maharashtra government hikes lottery tax in state budget

The Maharashtra government hiked the tax to be paid on lottery schemes organised by state governments last week. Lottery tax…

No change in TDS threshold for gaming in Budget 2017

The Union Budget presented by Finance Minister Arun Jaitley yesterday was expected to simplify the direct taxation system and reduce…

Easwar committee recommends increasing TDS limit for gaming winnings to Rs. 15,000

Exclusive A committee headed by Justice (retd.) RV Easwar has recommended increasing the threshold limit for Tax Deduction at Source on…

Income Tax officials raid Goa casinos over money-laundering, tax evasion allegations

In a surprise move coming in the middle of election season, Income Tax officials raided casinos and other properties of…

FAQ on taxes and gambling winnings

Despite the earlier post  giving various provisions on taxes on gambling winnings, we have been receiving hundreds of queries seeking…