Rummy Loss & ITR Disclosure

👤 Client:

“Sir, I’ve suffered a loss while playing online rummy.

But the platform still deducted TDS on my withdrawal.

How can I show this loss in my Income Tax Return under casual income?”

🃏Rummy winnings are taxed under Section 115BB as ‘Income from Other Sources’ — specifically under Casual Income (e.g. lotteries, betting, card games).

💡 Key Points:

Tax is @ 30% flat + cess, regardless of profit/loss overall.

TDS is deducted on withdrawals (as per Sec 194B or 194BA).

Losses from rummy (or similar games) cannot be claimed, carried forward, or set off.

❌ No deduction for losses allowed under Section 58(4).

📥 In ITR, You Should

1.✅ Report gross winnings (if any) under:

→ Schedule OS → Casual Income

2.✅ Report the TDS deducted under:

→ Schedule TDS (Form 26AS/AIS)

3.❌ Do not claim or show any loss from rummy in ITR.

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