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In India, online casino winnings are subject to taxation under the Income Tax Act, 1961. If you earn money from online casinos, it is considered income from other sources and must be reported in your tax return. The tax rate depends on your total income slab, and failure to disclose such earnings can lead to penalties. Additionally, some states may have specific regulations, so it\“s essential to consult a tax advisor for accurate guidance based on your location and winnings. |
