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Winning/Loss from Card Game, Income Tax

Issue Id: - 5059
Dated: 16-12-2012
By:- Anup Kumar Grover

Winning/Loss from Card Game


  • Contents

A person playing card games at National Sports Club, some time he win and some time he loose, he is showing net income in its Income Tax Return. Whether he can claim loss in playing game as set off against winnings. He is having proof only he is member in club, where this card game is playing. Kindly advise

Thanks

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Page: 1


1 Dated: 25-2-2015
By:- MARIAPPAN GOVINDARAJAN

Have you got clarified in the above issue? If not please inform.


Page: 1

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