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In India, games of skill are treated differently from games of chance under tax laws. According to the Income Tax Act, 1961, winnings from games of skill are considered taxable income. This includes popular local products like fantasy sports platforms such as Dream11, which have gained immense popularity. Players must declare these earnings under \“Income from Other Sources\“ and pay tax as per their applicable slab rates. Additionally, if the winnings exceed a specified threshold, Tax Deducted at Source （TDS） may apply, requiring platforms to deduct tax before payout. It is essential for users to maintain records and file accurate returns to avoid penalties. |
