In the UK all gambling wins are tax free (lottery, sports betting, poker etc) and do not need to be declared.
what about India?
I read somewhere that sombody who wins on gambling site have to pay 30% in tax and wining money can be calculated in black money.
Is it true?
if you paying 30% tax on the income , then it cant be calculated as black money .
I have read somewhere that money credited in your account through online wallets such as netller or from gambling site then you have to pay 30% tax + 30% panelty in India.
In the UK all gambling wins are tax free (lottery, sports betting, poker etc) and do not need to be declared.
For the casual player, yes there is no tax.
For a professional, yes thye will play tax but only on nett winnings, not on individual tournaments.