Gaming Income Tax Rules | Section 115BBJ Explained 🧾
Are you playing online games like Dream11, RummyCircle, My11Circle, MPL (Mobile Premier League), Winzo, A23 Rummy, PokerBaazi, Teen Patti Gold, Zupee Ludo, Gamezy, BalleBaazi, PlayerzPot, Fan2Play, Vision11, and other gaming apps? 🤑
Wondering how your winnings will be taxed in India under the latest Income Tax Rules for FY 2024-25 (AY 2025-26)?
In this video, we explain the Income Tax treatment on Gaming Winnings after the recent amendments, including:
✅ Tax on online gaming apps winnings
✅ Flat 30% tax rate under Section 115BBJ
✅ No deductions allowed – 80C, 80D, 80G not applicable
✅ Where to show gaming income in Income Tax Return (ITR)
✅ Which ITR form to use – ITR-2, ITR-3
✅ TDS on gaming winnings under Section 194BA
✅ How TDS is deducted on apps like Dream11, RummyCircle, My11Circle, MPL
✅ Important distinction between gaming income vs salary income
✅ Fantasy sports tax rules explained
✅ Ludo, Rummy, Poker, Teen Patti winnings taxation explained
🎁 Whether you play for fun or win big amounts on:
Fantasy sports: Dream11, My11Circle, Vision11, PlayerzPot, BalleBaazi
Card games: RummyCircle, A23, PokerBaazi
Ludo games: Zupee, Winzo, Gamezy
Other cash games: MPL, Fan2Play, Junglee Games, Nostragamus
👉 This video is a must-watch to avoid tax notices and penalties.
📌 Important Points:
Gaming winnings are taxed at flat 30% under "Income from Other Sources".
No basic exemption limit or slab benefits apply.
TDS @30% is deducted by gaming platforms, you must declare your full gross winnings.
Use ITR-2 or ITR-3 only. Other form like ITR-1 and ITR-4 cannot be used for gaming income.
Match your income with AIS (Annual Information Statement) and Form 26AS.
💡 Watch till the end to understand:
✅ How to file your ITR with gaming income
✅ Common mistakes to avoid in ITR filing for gaming winnings
✅ How to check TDS deducted on Dream11, MPL, RummyCircle
✅ Real examples explained simply!
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🎯 Narrated by: CA. Vidur Krishna Bindal, FCA
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DISCLAMER:
This video is strictly for educational and informational purposes only. It is intended to explain the income tax provisions applicable to winnings from online gaming platforms as per the latest amendments in Indian tax law. This video does not constitute formal tax advice or financial consultation. Viewers are advised to consult their chartered accountant or tax advisor for personalized guidance based on their specific financial situation. We do not promote or endorse any form of online gaming, gambling, or betting. The mention of gaming apps like Dream11, RummyCircle, MPL, My11Circle and others in this video is solely for explanatory purposes related to taxation under Indian law.
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