TDS Policy
Effective Date:
1. Overview
As per Section 194B of the Income Tax Act, 1961, any winnings from games and contests exceeding ₹10,000 are subject to Tax Deducted at Source (TDS). Ninza IT Development PVT LTD follows all applicable TDS regulations.
2. TDS Deduction Criteria
If a user’s single withdrawal or cumulative winnings exceed ₹10,000 in a financial year, TDS at the rate of 30% will be deducted before the amount is credited to the user's bank account or wallet.
3. PAN Requirement
Users must provide a valid Permanent Account Number (PAN) to avoid higher TDS deductions. If PAN is not provided, TDS may be deducted at a higher rate as per applicable law.
4. TDS Certificate
Ninza IT Development PVT LTD will file the TDS with the Income Tax Department and issue a TDS certificate (Form 16A) to the user within the time frame specified by law. This certificate can be used while filing your income tax return.
5. Reporting & Compliance
All TDS deductions and filings are done as per the timelines and provisions of the Income Tax Act and reported to the relevant authorities. Users can verify the deducted TDS through their Form 26AS on the income tax portal.
6. Contact
For queries related to TDS, please contact:
Tax & Accounts Department
Email: services@ninzagames.com
Address: RZD-3/193A & RZD-3/193 GF, GALI NO 9,MAHAVIR ENCLAVE, Palam Village, New Delhi, South West
Delhi- 110045, Delhi