Webinar to discuss taxation and fema related aspects of gaming activities on 13th September

To clarify various queries on under the new Black Money law and gen♋eral doubts on compliances under the Foreign Exchange Management and Income Tax Acts, in association with GLaws.in and Pokerguru is organising a webinar with Sunil Agarwal, Senior Tax Partner at AZB & Partners and former Additional Commissioner of Income Tax on 13th September from 11 am- 12:30 pm. The first-of-its-kind interactive session will be followed by a Q & A session with the expert.

Agenda of the Webinar:

1. Discussion on whether depositing and withdrawing winnings on 🍷offshore/international onl💧ine gaming, poker websites etc. through e-wallets such as Neteller or directly amount to violation of Schedule I of the Foreign Exchange Management Current Account Transaction Rules. Structuring alternatives available, if any.

2. Compliances under the𝄹 new “Black Money Law” with regard to gambling/betting winnings remitted through e-wallets/directly f🐟rom such websites particularly having regard to the clarification given in the recent Black Money circular.

3. Penalties under the legal framework, i.e. Black Money, Income Tax Act and ⭕FEMA and what you need to be wary of.

4. Taxation and disclosure of winnings from offshore/Indian poker and gaming websites when: (i) TDS is deducte♏d by such websites and (ii) if no TDS is deducted. Possible ways to structure remittance of winnings to minimise taxation liability.

5. Taxation ♏on winnings in physical casiꦡnos outside India when:

(a) such winnings are taxed at source in that foreign jurisdiction and India has a Double Taxation Avoidance Agreeme🎶nts (✅DTAA) with that country, and

(b) when India does💎 not ha🦋ve a DTAA with that country.

(c) ways to structure chanꦯneli🔯zing the winnings to minimize tax liability in India.

Steps for Registering

1. Log on to – //ipleaders.glaws.in/webinar♔-black-money

2. Click on – “Sign Up Now”

3. Make one-time payment of Rs. 1,020

On successful registration, users will receive a confirmation email along ⛎with the login credentials to join the webinar. The webinar has been limited to 60 participants on𒁃ly and carries a registration fee of Rs. 1,020.