tds

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…

No 'achhe din' for gaming industry as FM fails to hike TDS threshold in Budget 2016

Contrary to expectations and the first set of recommendations given by the Easwar committee, Union Finance Minister Arun Jaitley maintained…

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…

Jolt to poker players as Goa casinos change their policy, deduct TDS on tourney winnings + Goa govt notifies Anti Money-Laundering Guidelines

Major Goa casinos have recently changed their in-house policy on tournament winnings and will now deduct a 30% Tax Deducted…