30% IT payable on winnings >10K from any card games-Fight to change 30yr old law now

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    • #28192
      Dr Sathish
      Participant

      Dear all,
      We all know the 30% tax TDS for winning more than 10k by playing poker/rummy (skill games/card games) on any Indian websites. Was hopeful this year budget would bring some relief on tax issues. But Mr Arun Jaitely didnÂ’t do anything on this aspect. It was in 1987 that the Insertion of new taxation section 115BB was brought into effect in 1987. ITÂ’S BEEN 30 YEARS SINCE IT WAS IMPLEMENTED !! 10,000 Rs was a big amount way back in 1987. But for today itÂ’s absurd to charge 30% tax for above 10k winnings. PK Jain, head of operations of Sachar Gaming Pvt. Ltd has petitioned we know. Any updates on this Indian Govt should revise this for 50,000 Rs and lower the tax from 30% to 15%. Please amend the good old IT law on this. Please sign the petition I have started at change.org

      https://www.change.org/p/govt-of-india-30-income-tax-payable-on-winnings-above-10-000rs-from-any-card-games?recruiter=87756406&utm_source=share_petition&utm_medium=copylink

    • #38447
      Anonymous
      Inactive

      Excellent initiative and we urge all poker players in India to support the same.

    • #38448
      Dr Sathish
      Participant

      Excellent initiative and we urge all poker players in India to support the same.

      Dear Admin, if you can make this front page headline we can take forward in a better way, we need more supporters. Thanks

    • #28193
      Anonymous
      Inactive

      Sure. Our editorial team is planning a feature on this.

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