How to File Income Tax Return for Online Gaming Winnings & Get TDS Refund | Section 115BBJ Explained
Рет қаралды 19,978
2 ай бұрынAre 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 KZfaq videos.
Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
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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
@anirudhbhat2294 Ай бұрын
Thanks Sir! Perfectly Explained
@sids1672 2 ай бұрын
Thanks a lot sir. I was waiting for this video
@SumanDas-xz4kr Ай бұрын
Every year itr file needed if every year my income not touch tax slub ?
@prathmeshghase2673 2 ай бұрын
ESOP me kya karna he sir
@kandularajeevreddy7370 2 ай бұрын
You are the best teacher😎
@prabhakarkumar4652 Ай бұрын
TDS deducted u/s 194B is refundable?
@maazmustafa3699 2 ай бұрын
Vivek Sir is video ka wait tha aapki
@maazmustafa3699 6 күн бұрын
Sir old tax regime me life tm me kabhi bhi asakte hain ya asi saal option h?
@Action2k24 6 күн бұрын
Sir mera winzo gold me tds cuttha tha uska certificate milgya hai to tds refund kasa melaga
@eeshwarsai.7724 4 күн бұрын
I have two online games 1. Where the net winnings are positive 2. Where the net winning are negative My question is can I setoff both these and put Net Winnings from Online Games in ITR 2 as Zero ???
@D_E_B_J_I_T_G_S_O_S_H Ай бұрын
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
@sids1672 2 ай бұрын
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 ?
@Sachhibolunga_ Ай бұрын
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
@samkaker1170 14 күн бұрын
Very sad bhai..kya solution dunda fir
@rajchoudhary6751 Ай бұрын
Sir esme ITR konsa fill krna h 1/2 .. bcoz ITR 1 option unable to choose
@CAyashpanjwaniji Ай бұрын
ITR 2
@samkaker1170 14 күн бұрын
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
@CAyashpanjwaniji 12 күн бұрын
Loss m no need
@Shivansh_2020 23 күн бұрын
Sir itr 3 kaise file kre online games tds under section 194b or 194ba show ho raha hai please bataiye
@CAyashpanjwaniji 12 күн бұрын
ITR 2 kro easy padega
@d_k_pawar 13 күн бұрын
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
@CAyashpanjwaniji 12 күн бұрын
Yes
@d_k_pawar 12 күн бұрын
@@CAyashpanjwaniji Thank you brother
@vishnujangra7284 2 ай бұрын
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...
@jitendrabhandari5295 2 ай бұрын
Bhai ITC nhi milega sara cash ledger se pay krna pdega
@cachandraprakash943 2 ай бұрын
5% walo ko ITC nhi milta generally kyuki ye rate concessional h as per govt. To cash m he pay karna hoga
@jitendrabhandari5295 2 ай бұрын
@@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??
@cachandraprakash943 2 ай бұрын
@@jitendrabhandari5295 yes also you can report tds in wrong section filed by deductor
@dhawal28pawar 26 күн бұрын
@@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 .
@dilipthatiya 2 ай бұрын
sir mere bhi poker winning hai agar main apke same method se apply karu toh notice nahi ayega na or paise return ho jayega ?
@CAyashpanjwaniji 2 ай бұрын
Haa
@CAyashpanjwaniji 2 ай бұрын
Ache expert se bharao😊
@deepakkushwaha2640 2 ай бұрын
Bhai mujhe v batana same problem h
@santhoshk5755 29 күн бұрын
Hi, I lost all my winning amount, then what should I put in income from online game
@CAyashpanjwaniji 28 күн бұрын
Kuch to hua hi hoga thoda bahut wo daldo
@nvknowledge2182 2 ай бұрын
Sir error coming ' please select drop down of head of income for which corresponding income offered' what's the solution
@fintaxproadvisoryllp3135 2 ай бұрын
Go to TDS section and select other source
@nvknowledge2182 2 ай бұрын
@@fintaxproadvisoryllp3135 sir , i am unable to find can you provide screenshot
@CAyashpanjwaniji 2 ай бұрын
@@nvknowledge2182screenshot kaha hota h KZfaq main other sources main dikhaiye hojayega
@kartikarora9696 2 ай бұрын
Sir i claimed excess itc in gstr 3b of march and filed my return. What should i do now?
@FinTaxPro 2 ай бұрын
Reverse in next month with interest
@gautampal9661 2 ай бұрын
@@FinTaxPro what's the interest amount
@jitendrabhandari5295 2 ай бұрын
@@gautampal9661 18% p.a.
@groupstudywithme Ай бұрын
Serf wining 313 😢😢 and 70 something tds k ...e video dekhna par raha hai
@Culturedgenz 2 ай бұрын
Can I submit my return for 2023-2024 fiscal year ?
@yadavexpert Ай бұрын
Hmko v yahi janna h
@egesports8092 Ай бұрын
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 😢
@CAyashpanjwaniji Ай бұрын
M baitha hu bhai kisliye
@egesports8092 22 күн бұрын
Bhai telegram pr ho kya ? @@CAyashpanjwaniji
@bandarurajesh3217 3 күн бұрын
Sir i have equity shares 17000 and winning games tds 8500 which form is better shoud i show equity shares or not
@CAyashpanjwaniji 2 күн бұрын
ITR 2.
@CAyashpanjwaniji 2 күн бұрын
Show Krna hoga
@dhanu06 21 күн бұрын
Sir Mera salary income or lottery income konsa ITR file Karu ITR 1 Kiya defective notice aa gya
@CAyashpanjwaniji 12 күн бұрын
ITR 2
@apeksha001 2 ай бұрын
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.
@CAyashpanjwaniji Ай бұрын
25k maximum
@sivaji6917 12 күн бұрын
@@CAyashpanjwaniji Act is saying, u need to pay only on net winning during the FY
@CAyashpanjwaniji 12 күн бұрын
@@sivaji6917 yes but company ko bhi pta h ye rule wo bhi sirf net wining per hi cut kregi
@sochkedunga5404 Ай бұрын
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
@Vishucricxpert Ай бұрын
Bhai jb aap loss m ho to tds to kta hi nhi hoga
@Maths_Adda111 Ай бұрын
Sir mera loss income se zyada h toh us case m bhi full refund nhi bnega ??
@CAyashpanjwaniji Ай бұрын
Nhi
@CAyashpanjwaniji Ай бұрын
Loss bhul jao
@theoblanca1062 Ай бұрын
Even though if we are salaried person still i have to file itr 2
@CAyashpanjwaniji Ай бұрын
Yes
@manikantmandal2612 19 күн бұрын
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.
@CAyashpanjwaniji 12 күн бұрын
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
@sivaji6917 12 күн бұрын
What is the amount reflected in your 26AS. U can reach me for advice and filing if not done yet
@adithyagali2254 9 күн бұрын
@@sivaji6917 your contact please
@karan_vlogs_407 2 ай бұрын
Sir maine itr 2 10 april ko file kiya tha lekin abhi tk mere account me paisa nahi aay aya hai
@CAyashpanjwaniji 2 ай бұрын
2 month bhi lg jate h
@karan_vlogs_407 2 ай бұрын
@@CAyashpanjwaniji sir aapki insta id mil sakti hai kya apse baat karni thi tds ke baaree
@CAyashpanjwaniji 2 ай бұрын
@@karan_vlogs_407 yahi kro pura reply krunga
@jeewanmathpal5377 Ай бұрын
@@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 ؟
@S2K_Earning 5 күн бұрын
Gaming ke sath interest savings account se mila 900 usko kidhar Dalu
@CAyashpanjwaniji 2 күн бұрын
Other sources main 1st coloum m jao waha saving interest m daldo
@ashishpunia3681 6 күн бұрын
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
@subhasuchana8845 6 күн бұрын
My case also same
@nrupalprajapati2485 2 ай бұрын
👍
@AlkeshPatel-rp5dk 20 күн бұрын
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
@CAyashpanjwaniji 12 күн бұрын
26as m dikhayega sab uska total amount leke file hojayega
@AlkeshPatel-rp5dk 9 күн бұрын
@@CAyashpanjwaniji 26 as me 200000 TDS cut hua he
@CAyashpanjwaniji 9 күн бұрын
@@AlkeshPatel-rp5dk file krdo or jo mil raha 25k wo lelo
@Joshlit2 Ай бұрын
Your bank account is not eligible for return sir what can i do now please help me asap
@CAyashpanjwaniji Ай бұрын
Hojayegi wait
@Joshlit2 Ай бұрын
@@CAyashpanjwaniji apko Mila dream 11 se refund
@CAyashpanjwaniji Ай бұрын
@@Joshlit2 m refund krwata hu
@CAyashpanjwaniji Ай бұрын
@@Joshlit2 aap ITR file krdiye ho kya ki abhi bank validate ka wait kr rahe ho
@Rajeshkhajare Ай бұрын
Pahle profit tha toh tds lag gya 14000 ka bad me 3 Lakh ka loss ho gya kese itr 2 fill karen sir
@CAyashpanjwaniji Ай бұрын
Krdo agar sath m salary income h to or business krte ho to itr 3
@jeewanmathpal5377 Ай бұрын
Muje loss hua h fr b muje tax dena padega online gaming mai ؟
@CAyashpanjwaniji Ай бұрын
Tds kitna cut hua h
@jeewanmathpal5377 Ай бұрын
@@CAyashpanjwaniji 23700 ka withdrawal h 6 lakh ka lekin loss m hu
@CAyashpanjwaniji Ай бұрын
@@jeewanmathpal5377 aap mera about m jao
@debabratamaity7511 2 ай бұрын
Wrong information... I already submitted others sources income from Rummy game AY-24 to 25 under ITR-2 by through tax advisor it, is deducted 30% but, full TDS amount refund showing 😊😊
@FinTaxPro 2 ай бұрын
You have filed ITR completely wrong. Our information is 100% correct and authentic. You may receive refund now, but get ready for income tax notice soon in future. Also note in future you may need to pay the demand along with the penalty and interest .
@debabratamaity7511 2 ай бұрын
Sir, i already consulting and discuss with my CA advisor for winning this type of income from online games under 194BA..he already know that this type of income is under section 194BA others sources.. He advise me for this type of income going to under ITR-2 and also i have showing all my financial income like salary income and any other income from whole financial year.. From 1st April 2023 to 31st march 2024 i already Lost whole financial year from online games.. Still i have some deducted some 30% TDS whice apply for this Year so, I have all prove..no problem whice demand notice come from tax department...
@snagaraju3786 2 ай бұрын
Only max 25000 refund rebate
@prain_89 Ай бұрын
@@debabratamaity7511 hello can we get our 30% deducted tds i am 18 yrs old and playing winzo can i get my 30% back
@CAyashpanjwaniji Ай бұрын
@@debabratamaity7511TDS 30% h or income tax 30% h same to jab file hoga to adjust hoke 0 hojayega refund possible hi nhi h jisne bhara h usne galat bhardiya h 100%
@untitlevideo7026 6 күн бұрын
Sir Mene pura Refund 1 lakh ka le liya after 2 3 year ho gaya gai but abhi tak notice to aya nahi
@untitlevideo7026 6 күн бұрын
Salary income bataya hai usme mene
@Manmohak_kahaniya_ 2 ай бұрын
Crypto currency filing videos when comes
@CAyashpanjwaniji 2 ай бұрын
Already h
@Deepavermavlog 2 ай бұрын
Please sir emi option suru kar dijiye jisase sabhi aap course le sake please sir I request you 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
@FinTaxPro 2 ай бұрын
EMI option available h payment gateway p check kijiye.
@maazmustafa3699 2 ай бұрын
Aapke course ki call facility par call karke question bhi kia tha main ne😊
@FinTaxPro 2 ай бұрын
Isliye video bana di
@Infratech1 2 ай бұрын
Sir gst course me e way bill nhi hai
@CAyashpanjwaniji 2 ай бұрын
Sir k videos dekh lo wahi kafi h e way samazhne k liye
@rohanbansode413 2 ай бұрын
Bhai😂
@dhruvvaghela1147 Ай бұрын
Same to same bhara hai. 24950 refund ane wale hai bhai mera😊
@jeewanmathpal5377 Ай бұрын
M loss mai hu fr b kya tax dena hoga online gaming m ؟
@dhruvvaghela1147 Ай бұрын
@@jeewanmathpal5377 loss main hai to 26as main dikhenge nahi. Loss carry forward kar sakte ho tum
@yashsondhiya614 Ай бұрын
Bhai tumhara under process hua kya ?
@dhruvvaghela1147 Ай бұрын
@@yashsondhiya614 1 or 2 month lagega
@yashsondhiya614 29 күн бұрын
@@dhruvvaghela1147 bhai tumhara kuch process hua kya ?
@poornimashek3937 20 күн бұрын
Head of income
@CAyashpanjwaniji 12 күн бұрын
Other sources special rate
@dhruvratheeisouridle 10 күн бұрын
Mere thoda itr2 bhar doge
@CAyashpanjwaniji 2 күн бұрын
Yee
@vishnugopal9586 10 күн бұрын
Sir aap ka mo no de
@CAyashpanjwaniji 2 күн бұрын
Yes
@dhruvratheeisouridle 10 күн бұрын
Sir apka number milega
@bishalprasad9317 23 күн бұрын
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
@CAyashpanjwaniji 23 күн бұрын
Nhi hoga
@bishalprasad9317 23 күн бұрын
@@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 ?
@CAyashpanjwaniji 23 күн бұрын
@@bishalprasad9317 aap ITR dikha dega ki maine income tax return file krdiya h or tax pay krdiya h to bank kuch nhi kr payega
@CAyashpanjwaniji 23 күн бұрын
@@bishalprasad9317 23-24 financial year ka bhardo itr
@gopichand9944 2 күн бұрын
sir aapka number send karo
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