TDS Rules On Dream11 & all fantasy apps | 30% Tax Deducted online games | Tds new rules 2023

What has changed?
The new TDS (Tax Deducted at Source) law, as implemented by the government, will be in effect from 1 April 2023.
According to the law, TDS will be deducted at 30% of your net winnings at the time of withdrawal.
What are net winnings?
Net winnings are defined as the difference between your gains and spends.
Net winnings*
= Total winnings – (Total Entry – CB/Discount)
*subject to change as per the rules that are to be notified under the Income Tax
1961
How is this tax getting deducted?
30% tax as TDS will be deducted on net winnings at the time of withdrawal. In case of no withdrawal in the entire financial year, TDS will get deducted from net winnings as on 31 March 2024.

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