He put Rs 2.61 crore in online rummy and poker but lost Rs 28 lakh; taxman sought tax on Rs 2.33 crore, why ITAT Bangalore rejected demand
The Income Tax Department had focused on the gross winnings figure without taking into account the corresponding buy-ins. (Image for representative purpose only) You play online games – you win some money and you lose some money. How does the taxation on your wins and losses work? The Income Tax Appellate Tribunal (ITAT) Bangalore has […]
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