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Indian residents must declare Virtual CC Used For Gambling
INDIAN TAXMAN CLARIFIES POSITION ON VIRTUAL PAYMENT OPTIONS
Indian residents must declare cards under new law.
In India the Central Board of Direct Taxes has clarified that under new "black money" laws residents operating e-wallet or virtual card accounts online on websites hosted in a foreign country are required to disclose their accounts to the taxman.
Such online financial transaction solutions are, as in other countries, often used by Indian online punters to make deposits and collect winnings.
The CBDT says that in legalising overseas bank accounts, including virtual accounts, residents are required to submit details from the date the account was opened, and will only be charged a 60 percent tax and penalty if they take advantage of a compliance window which ends on September 30.
Where those concerned are unable to obtain such details, the taxman will consider a declaration on the basis of a "best estimate."
The Undisclosed Foreign Income and Assets and Imposition of Tax Act have provisions for tough penalties that can include a penalty of 120 percent and/or imprisonment for offenders who are discovered and have not disclosed, reports the Economic Times of India.
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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