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In India, daily fantasy sports platforms have gained significant popularity, offering users the chance to engage in sports-based contests. However, the taxation of these activities involves specific considerations under Indian law. For instance, winnings from daily fantasy sports are typically treated as income from other sources and are subject to tax deductions at source if they exceed a certain threshold. Additionally, GST may apply to the platform fees charged by operators. It is essential for users to maintain proper records of their transactions to comply with Indian tax regulations and avoid penalties. |
