How to File Income Tax Return for Online Gaming Winnings & Get TDS Refund | Section 115BBJ Explained
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- Опубликовано: 17 апр 2024
- Are you a winner in online gaming platforms like Dream 11, Pokerbazzi, My11 Circle, or other fantasy gaming sites? If so, you need to be aware of the new tax rules introduced by the government last year under Section 115BBJ and TDS provision 194BA. In this session, we'll break down everything you need to know about the 30% special tax rate on net winnings and the TDS of 30% that must be deposited.
What you'll learn:
The specifics of Section 115BBJ and its impact on your online gaming winnings
How TDS (Tax Deducted at Source) provision 194BA affects your winnings
Step-by-step guide to filing your income tax return in cases of online gaming income
How to claim a refund of TDS deducted on your winnings
Stay informed and ensure you're compliant with the latest tax laws surrounding online gaming winnings. Don't miss out on your chance to get your TDS refund back!
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of RUclips videos.
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Tags: Online Gaming Tax, Section 115BBJ, TDS Provision 194BA, Dream11 Tax, Pokerbazzi Tax, My11 Circle Tax, Income Tax Return, Online Gaming Income, Tax Refund, Online Fantasy Gaming Tax
Hashtags: #OnlineGamingTax #Section115BBJ #TDSProvision194BA #IncomeTaxReturn #TaxRefund #FantasyGamingTax
Thanks Sir!
Perfectly Explained
Thanks a lot sir. I was waiting for this video
You are the best teacher😎
Vivek Sir is video ka wait tha aapki
Sir old tax regime me life tm me kabhi bhi asakte hain ya asi saal option h?
Every year itr file needed if every year my income not touch tax slub ?
Sir Online game se wining amount USDT Stock Exchange me withdrawal karne par TDS katega?
ESOP me kya karna he sir
Sir, 1 platform par profit and 2 par loss hoto claim kar sakte h kya ?
Sir mera winzo gold me tds cuttha tha uska certificate milgya hai to tds refund kasa melaga
@FinTaxPro
Hi Sir, Rebate under section 87A IS SHOWING 0 FOR ME. PLEASE SUGGEST WHAT MIGHT BE THE REASON
Old regime kro kum refund h to
2023 - 24 a.y. ka return le skte h kya or kaise please tell me
Thank you🙏
Net winning kaise dekhe quarter wise yah financial tax wise? Please describe. Itr portal is only showing withdrawal and TDS amount against that withdrawal. No deposit amount is showing in ITR portal. How to find net winning for a financial year from dream11?
Download annual statement from dream xi
Thank you
Sir, how to file income tax if someone has income from (as an E Commerce Operator Selling Goods) and Income from Profession.
What are the Provsions ? Which ITR Form is applicable ? How to show these incomes ?
Could you please make a video if some is engaged in 2 different class of business ?
Sir esme ITR konsa fill krna h 1/2 .. bcoz ITR 1 option unable to choose
ITR 2
Sir kisi ne 70 lakh pari match gaming app mei deposit kiye dosto se udhar lekar aur total vo loss mei rha to kya krna hoga kya tax ya gst
Very sad bhai..kya solution dunda fir
Sir agar same year me winning ke baad loss ho gaya ho to net winning zero ho jaayegi to phir tax refund honjaayega kya . Jaise mere 50000 ki winning pe tds kat gaya aur phir same year me baad me 50000 se jyada ka loss ho gya to phir winning me zero bharna he ya 50000 jo winning hii thi pahle wo bharna he.
0 bharo
Bhai agr colour prediction me jyada transaction ho jaye or loss me chla jaye to bhi bhrna pdta h kya income tax..or kitna bhrna hota h
Loss m no need
Hi, I lost all my winning amount, then what should I put in income from online game
Kuch to hua hi hoga thoda bahut wo daldo
Sir error coming ' please select drop down of head of income for which corresponding income offered' what's the solution
Go to TDS section and select other source
@@fintaxproadvisoryllp3135 sir , i am unable to find can you provide screenshot
@@nvknowledge2182screenshot kaha hota h RUclips main other sources main dikhaiye hojayega
Sir, ek restaurant service provider jo 5% tax lgata hai ...uska jo tax banta hai kya vo credit ledger se pay kiya ja sakta hai ya sirf cash ledger se pay krna hoga....... Itc was claimed on purchase of Machinery & Furniture only...
Bhai ITC nhi milega sara cash ledger se pay krna pdega
5% walo ko ITC nhi milta generally kyuki ye rate concessional h as per govt. To cash m he pay karna hoga
@@cachandraprakash943 sir agar mera TDS 194B m deduct hua h.... Jabki TDS 194BA m deduct hona chahiye tha..... Toh kya m refund claim kr sakta hu TDS ka jo 194B m deduct hua hain??
@@jitendrabhandari5295 yes also you can report tds in wrong section filed by deductor
@@jitendrabhandari5295 kar sakta h tu par , other party ne TDS correction file nhi karna chahiye,. Vese bhi section correct karne k liye koi itna kaam nhi karega .
Thanks sir
Sir i claimed excess itc in gstr 3b of march and filed my return. What should i do now?
Reverse in next month with interest
@@FinTaxPro what's the interest amount
@@gautampal9661 18% p.a.
I have profit from one gaming platform and loss from other then how to show it? Do I have to calculate my net winnings from all the platforms date wise and put it in quarter wise data? 10:30
Yes
@@CAyashpanjwaniji Thank you brother
Can I submit my return for 2023-2024 fiscal year ?
Hmko v yahi janna h
"The gross receipts shown for income as Winnings from lotteries, crossword puzzles, races, card games etc. chargeable u/s 115BB in Form 26AS, on which TDS u/s 194B has been deducted, are higher than the income shown under Winnings from lotteries, crossword puzzles, races, card games etc. chargeable u/s 115BB in the return of income. Hence, the return of income filed is regarded as defective" ye notice aya hai. What does it mean?
Meri income 11Lakh thi and 3.3 k around TDS I've paid. Refud bhi 0 dikha rha hai
Defective hogya h
Sir mera salary ka aur online gaming ka tds cut hua hai konsi ITR filing krna chahiye
2
Serf wining 313 😢😢 and 70 something tds k ...e video dekhna par raha hai
GamingTds aur salary it dono ho to itr 1 sirf salry kiya to chalega kya?
Nhi
File ITR 2
sir mere bhi poker winning hai agar main apke same method se apply karu toh notice nahi ayega na or paise return ho jayega ?
Haa
Ache expert se bharao😊
Bhai mujhe v batana same problem h
Sir mere case me pata nahi kyu rebate 87 me, zero ₹ amount show kr rha h sbb sahi h.. O followed tour every step
.. Tds from online winning same..
Can u help me?
Jaha 115bac aa raha no usko yes krke fhirse bharo ab rebate Kum hogyi h
Sir itr 3 kaise file kre online games tds under section 194b or 194ba show ho raha hai please bataiye
ITR 2 kro easy padega
@@CAyashpanjwaniji but sir 194ba is refundable and 194b is not refundable. Am I correct sir?
@@mdzeeshan6336 dono refundable h rebate tak jitni rebate milti h utna refund hoga
Abhi Q4 ka aya nhi hai . Mera Q3 Tak 47k tds bn rha hai . I'm playing Dream 11 .
Q4 ka aate hi .
Jaisa aapne bola hai waisa fill krenge too future me koi problem too nhi hoga na sir 😢
M baitha hu bhai kisliye
Bhai telegram pr ho kya ? @@CAyashpanjwaniji
Sir Mera salary income or lottery income konsa ITR file Karu
ITR 1 Kiya defective notice aa gya
ITR 2
Gaming ke sath interest savings account se mila 900 usko kidhar Dalu
Other sources main 1st coloum m jao waha saving interest m daldo
Even though if we are salaried person still i have to file itr 2
Yes
Sir pahle me online winning profit me tha to tds cut ho gaya bad me muze net loss ho gaya to already deducted tds refund hoga kya.
25k maximum
@@CAyashpanjwaniji Act is saying, u need to pay only on net winning during the FY
@@sivaji6917 yes but company ko bhi pta h ye rule wo bhi sirf net wining per hi cut kregi
TDS deducted u/s 194B is refundable?
@@prabhakarkumar4652 mera 194ba me 87A me rebate mila. But 194b no any rebate
Sir maine itr 2 10 april ko file kiya tha lekin abhi tk mere account me paisa nahi aay aya hai
2 month bhi lg jate h
@@CAyashpanjwaniji sir aapki insta id mil sakti hai kya apse baat karni thi tds ke baaree
@@karan_vlogs_407 yahi kro pura reply krunga
@@karan_vlogs_407itni jaldi april m kaise bhar di muje b online gaming ka puchna h withdrawal m tax dena padta h kya chahe loss m ho ؟
Part B - TTI me refund nhi show ho rha hai, kya problem ho rhi h plz koi btayga
Old regime m aayega new m bnd hogya
Sir i have equity shares 17000 and winning games tds 8500 which form is better shoud i show equity shares or not
ITR 2.
Show Krna hoga
@@CAyashpanjwanijiMene 4 November ko dream 11 me 70 hajar jite the jinme se 49 mil gye the meri koi bhi other income source nhi hai 21 hajar me se kuch refund ho sakta hai kya
@@shobhitsingh4205hojayega
Maine return fill kiya hai 9 lac + ka return hone ka dikha rha hai aayega ya nahi please tell
@@truth_facts94 agar apka refundable amount apke 9 lakh k income pe jo tax bna usse Jada hoga to hi apko refund milega nhi to apka refundable amount apke tax me adjust ho jayega
87a me rebate calculate 0 karra h portal. aesa ku
Old regime kro new m bnd hogya
Lekin 1 app pe profit me tds cut hua or 2nd app me loss hua ho to fir kya hoga tds cut hua he uska
26as m dikhayega sab uska total amount leke file hojayega
@@CAyashpanjwaniji 26 as me 200000 TDS cut hua he
@@AlkeshPatel-rp5dk file krdo or jo mil raha 25k wo lelo
Pahle profit tha toh tds lag gya 14000 ka bad me 3 Lakh ka loss ho gya kese itr 2 fill karen sir
Krdo agar sath m salary income h to or business krte ho to itr 3
👍
Your bank account is not eligible for return sir what can i do now please help me asap
Hojayegi wait
@@CAyashpanjwaniji apko Mila dream 11 se refund
@@Joshlit2 m refund krwata hu
@@Joshlit2 aap ITR file krdiye ho kya ki abhi bank validate ka wait kr rahe ho
Fantasy games mein kuch platform pe profit huwa hai kisi pe loss.
Toh kya profit ke against loss ka settlement hoga ?
Kuch refund mil skta hain ?
Bhai same problem here
@@Lazyzenius07 hmmmm this is the issue with most of the users
Adjustment loss ka nhi hoga loss bhul jaiye bus profit ka 30% tax
@@CAyashpanjwaniji achha meri net winning -4125 hai to itr 2 ke income from other sources ke net winning men kya bharu zero or -4125??
@@Lazyzenius07 jitna 26as m aa raha utna bhardo nhi to mismatch ka notice aa jayega net wining bus bolne k liye h usse kuch nhi hota
Sir gst course me e way bill nhi hai
Sir k videos dekh lo wahi kafi h e way samazhne k liye
Bhai😂
Sir mera total Withdrawal hai INR 1300 and Total Deposit hai INR 1800 to isme to mera loss hua?? Isme ITR me net winning kia dunga? Aur kia TDS jo kata hai oo refund milega??
Please Reply me❤ Thanks
Bhai jb aap loss m ho to tds to kta hi nhi hoga
0
Sir Even after deducting TDS of 50k I have incurred losses, How can we show that Receipts in AIS is my Income but actually mai Loss hua
Please help us
My deposits is Greater than withdrawals
My deposits is Greater than withdrawals
Sir, in the years 2023-24 my total deposit =Rs 2027345 and total withdrawal =Rs 2259414 there fore my total profit = 232069 (aprox) in dream 11.
as per above TDS will be Rs 72405.
But my total TDS detected in the first quarter is Rs 251018 on my withdrawal , After than i loss too much in the same year 2023-2024.
Is rest amount return or not.
Opening balance bhi add hota h agar ho to nhi h to aap apni net wining k hisab se file kr sakte h refund aana hoga to aa jayega excess TDS ka
What is the amount reflected in your 26AS. U can reach me for advice and filing if not done yet
@@sivaji6917 your contact please
@@sivaji6917 mine also same doubt bhai could you please clear it?
@@rajivchand5549net winning bharo dream 11 se annual statement download kar lo
Sir mera 30% back mila he to ab kya karna he 60000 30% full back dream 11 pe but ab kya karna he ca to bol rahe thik he
@@D_E_B_J_I_T_G_S_O_S_H 30percent tax liability hoti hai
I won 3 lakh rupee i withdrawal it tds cut is 90,000 after that i loose 5 lakh rupees will the 90,000 will be refundable or not as my end year net loss is 2 lakh but i have given 90,000 tds
My case also same
Me to same@@subhasuchana8845
Mera onling gaming income 29000 hai . 30%tds diya hai . But 87A rebate 0 dekha rha hai. Kya karu?
Old regime kro
@@CAyashpanjwanijiek bat ka answer do agar new regime me file kr di to kya 31 july se phle old regime me change kr skte h kya
That mean almost 60% of winning amount we have pay as tax?
30%
Sir Mene pura Refund 1 lakh ka le liya after 2 3 year ho gaya gai but abhi tak notice to aya nahi
Salary income bataya hai usme mene
Muje loss hua h fr b muje tax dena padega online gaming mai ؟
Tds kitna cut hua h
@@CAyashpanjwaniji 23700 ka withdrawal h 6 lakh ka lekin loss m hu
@@jeewanmathpal5377 aap mera about m jao
Sir main govt job karta hu or mera tex 239000 rs kata h salary se 66000 baki online game se uske bad mera bahut loss ho gya to main tex refund kar sakta hu problem to nhi hogi
Nhi honi chahiye
Rebate showing zero winning amount 61000 taxes paid 19000
Error h
@@syam1960 same problem rebate u/s 87a in new regime 0 why
Old regime m hoga
Pichle kitne salo ki itr file kr skte h?
23-24 only
Crypto currency filing videos when comes
Already h
Sir mera loss income se zyada h toh us case m bhi full refund nhi bnega ??
Nhi
Loss bhul jao
Please sir emi option suru kar dijiye jisase sabhi aap course le sake please sir I request you 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
EMI option available h payment gateway p check kijiye.
Sir mera refund show nahi ho raha ha
90000 ka winning ha
Old regime
Same to same bhara hai. 24950 refund ane wale hai bhai mera😊
M loss mai hu fr b kya tax dena hoga online gaming m ؟
@@jeewanmathpal5377 loss main hai to 26as main dikhenge nahi. Loss carry forward kar sakte ho tum
Bhai tumhara under process hua kya ?
@@yashsondhiya614 1 or 2 month lagega
@@dhruvvaghela1147 bhai tumhara kuch process hua kya ?
Head of income
Other sources special rate
Aapke course ki call facility par call karke question bhi kia tha main ne😊
Isliye video bana di
Mere thoda itr2 bhar doge
Yee
Sir aap ka mo no de
Yes
Mera 𝗣𝗼𝗸𝗲𝗿 me 𝟱𝟬𝗸 tax refund karwado... 🙌🏻
Utna nhi hota
@@CAyashpanjwaniji kitna ho jayega
@@manojbalotjaipur last 12500
Mene 4 November ko dream 11 me 70 hajar jite the jinme se 49 mil gye the meri koi bhi other income source nhi hai 21 hajar me se kuch refund ho sakta hai kya
Haa
Sir apka number milega
Sir apka number mil sakta h
Main online betting khelta hu uss betting site mai tds nahi cut hota h jitna withdrawal karta hu utna withdrawal hota h toh jitna amount jeetunga uska agar tax bhar du year ke end main toh koi problem nahi hoga naa
Nhi hoga
@@CAyashpanjwaniji bhai agar har din online betting se 10000 rs win karke bank Account mai withdrawal karunga toh bank puchega nahi ki yeh money kaha se aaya ?
@@bishalprasad9317 aap ITR dikha dega ki maine income tax return file krdiya h or tax pay krdiya h to bank kuch nhi kr payega
@@bishalprasad9317 23-24 financial year ka bhardo itr
sir aapka number send karo