TDS FAQ's
1. What is TDS and when is it deducted?
Tax deducted at source or TDS as per law(Section 194B), which is at 30% on any net winnings (winnings - wagering) on and above ₹ 10,000. This is on a single game net winnings of ₹ 10,000 and above.
2. What happens to the TDS deducted from my winnings?
Classic Rummy will deposit the TDS amount with the Income Tax Department against your PAN Card number. Hence, it is mandatory that you provide us with your correct PAN card details so that you can claim the TDS benefit while filing your tax returns.Tax deducted at source or TDS as per law(Section 194B), which is at 30% on any net winnings (winnings - wagering) on and above ₹ 10,000. This is on a single game net winnings of ₹ 10,000 and above.
3. Do I get TDS certificate for the TDS deducted?
Yes, we will issue TDS certificate for the amount of TDS deducted from your account
4. When do I get the Certificate?
You will get the TDS certificate at the end of every quarter in the Financial year (April 1 to March 31)
We deposit the TDS once every quarter and the TDS certificate is issued in the next month. So, for any TDS amount deducted in Jan/Feb or March, you will get the certificate in April of that year
5. How to get TDS certificate?
The TDS certificate is sent by our Support team to your registered email address. You can also get a copy of the certificate on request, in-case you change your registered email address, please keep us informed.
6. Still have questions/doubts?
You can send an email to support@classicrummy.com for any doubts/queries you may have regarding this matter.