TDS Policy
Adherence to Government Regulations:
AUCBRYDGEIN Technology Private Limited is a law-abiding company and complies with all the rules and regulations implemented by the government. As per the introduction of the new section 194BA, we ensure strict adherence to these rules.
AUCBRYDGEIN Technology Private Limited is a law-abiding company and complies with all the rules and regulations implemented by the government. As per the introduction of the new section 194BA, we ensure strict adherence to these rules.
TDS Deduction:
TDS (Tax Deducted at Source) will be deducted at the time of withdrawal. The following guidelines apply to TDS deductions:
TDS (Tax Deducted at Source) will be deducted at the time of withdrawal. The following guidelines apply to TDS deductions:
1. Applicable on Winnings Only:
TDS will be applicable only on the winnings obtained by players and not on the deposited amounts.
TDS will be applicable only on the winnings obtained by players and not on the deposited amounts.
2. Net Winnings Calculation:
Net winnings will be calculated as the difference between the total withdrawals made by a player in a financial year and the total deposits made in the same financial year. The financial year is considered from 1st April to 31st March.
Net winnings will be calculated as the difference between the total withdrawals made by a player in a financial year and the total deposits made in the same financial year. The financial year is considered from 1st April to 31st March.
3. TDS on Net Winnings:
A 30% TDS will be applicable only on the net winnings of a player in the financial year
A 30% TDS will be applicable only on the net winnings of a player in the financial year
4. TDS on Commission:
A 5% TDS will be applicable on any commission earned.
A 5% TDS will be applicable on any commission earned.
Withdrawal Examples:
To help you understand the TDS policy better, here are a few examples:
To help you understand the TDS policy better, here are a few examples:
1. . Example 1: Net Winnings > Deposited Amount
If your net winnings at the time of withdrawal exceed the amount deposited, a TDS of 30% will be deducted on the withdrawal amount. For instance:
- Total Deposits in the current financial year: $15,000
- If you withdraw $15,000 or below, no TDS charges will be applied.
- If you withdraw $15,500, a 30% TDS will be applicable on $500.
- If you wish to withdraw $20,000, a 30% TDS will be applicable on $5,000.
If your net winnings at the time of withdrawal exceed the amount deposited, a TDS of 30% will be deducted on the withdrawal amount. For instance:
- Total Deposits in the current financial year: $15,000
- If you withdraw $15,000 or below, no TDS charges will be applied.
- If you withdraw $15,500, a 30% TDS will be applicable on $500.
- If you wish to withdraw $20,000, a 30% TDS will be applicable on $5,000.
2. Example 2: Net Winnings < Deposited Amount
If your net winnings at the time of withdrawal are less than the amount deposited, no TDS charges will be applicable on any withdrawn amount. For instance:
- Total Deposits in the current financial year: $15,000
- Total Withdrawals in the current financial year: $7,000
- If you withdraw any amount below $8,000, no TDS deduction will be made.
If your net winnings at the time of withdrawal are less than the amount deposited, no TDS charges will be applicable on any withdrawn amount. For instance:
- Total Deposits in the current financial year: $15,000
- Total Withdrawals in the current financial year: $7,000
- If you withdraw any amount below $8,000, no TDS deduction will be made.
3.
Ledger Reset on 1st April:
At 00:00 hours on 1st April of every financial year, your deposit and withdrawal ledger will reset, and the values will become zero. This ensures a fresh start for the new financial year.
AUCBRYDGEIN Technology Private Limited aims to provide a transparent and compliant platform for its users. By adhering to the TDS policy, we ensure that all tax obligations are met while maintaining a fair and enjoyable gaming experience.
At 00:00 hours on 1st April of every financial year, your deposit and withdrawal ledger will reset, and the values will become zero. This ensures a fresh start for the new financial year.
AUCBRYDGEIN Technology Private Limited aims to provide a transparent and compliant platform for its users. By adhering to the TDS policy, we ensure that all tax obligations are met while maintaining a fair and enjoyable gaming experience.
