Govt Tax Policy
We are legally obliged to deduct tax at source (TDS) on winnings of more than Rs. 10,000/- in a tournament or Cash games, as the case may be. In these cases, you will be required to furnish your Permanent Account Number (PAN) duly issued to you by the Income Tax authorities if you have not already done so. Please note: PurplePoker.in will bear any TDS liability on your winnings and will issue a TDS certificate for the same at the end of each quarter. However, we neither advise you nor shall be responsible for your individual tax matters.
Under Section 194B of the Income Tax Act, 30% tax shall be deducted from a User’s total prize money or total winnings in any given month exceeding Rs. 10,000.