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Showing posts from December, 2019

EVERYTHING ABOUT KING11 FANTASY SPORTS

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King11 Fantasy sports site is there for more than a year now, prizing many of "fkills" holder meaning a person who Plays, Earn and Wins  by playing online using skills of Analysing the statistics of a player well do (like strike rate, injuries, biography, etc,), Prediction, Brainpower, Mind Stability, and forming the king11 team for a particular or a season whom they think will make them earn highest points and they will be the WINNER .  Fantasy Sport is all about skills played online which is a safe, secure and also verified legal entity by The Supreme Court Of India. A Fantasy Sports Site can be reviewed from How Well it treats its users, i.e., Entry, Stay and Exit. King11 provides all these so smoothly that every time a contest ends you are left with a charm to enter and play the next one.  Let's have a lookout on everything provided in deep: The Number Of Sports Provided - With King11 you can play two sports Cricket Football and many are in...

WHAT PREMIER LEAGUE DOES IN FANTASY SPORTS?

As its a known fact that the Indian Premier League or IPL is rich in many ways with huge fan following and rich in its capacity to uniformly serve them something new. The League is usually focused to be ahead to make their fans happier and manages to extend a huge number of new fans year after year as IPL runs on its official website and it has so many exciting features that make it popularly known as Fantasy Premier League . According to the recent report,  Fantasy Sports is legal in India and even now BCCI has its fantasy  league called IPL Fantasy  League where one can play fantasy  on Cricket. Fantasy sports  is a "game of skills" and not related to betting. What makes Fantasy Premier League such a smash? Fantasy Premier League is a long-term engagement season that offers several back-to-back seasons that engage enormous fans for longer intervals of time within the website. Fantasy Premier League keeps engagement throughout the year, includin...

Why You Should Go For KING11 To Play Fantasy Sports?

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Fantasy Sport a game of " fkills " meaning a game that recognizes your mind's capability to analyze , go for things that can be predicted and skills of your Brainpower . There are many sites in the market right now but then the dilemma arises: Which site is best to play fantasy sports?  Why you should play a fantasy sport with king11? The simplest ways through which things will be crystal clear and will become transparent are. The number of contest provided: There are a series of contests going on a daily basis in King11 like Daily Fantasy Sport , Big matches , Team India Cricket Matches , Hot Contest , Mega Contest having prize money up to  ₹ 5 lacs and even you can create your contest to play on. Ease of Entering in the contest: King11 provides you with real ease to enter into your favorite contest, and the only thing is to be done is to verify your mobile number with it and sign up this is also done just to authenticate the user profil...

Do we need to pay tax on money withdrawn from the fantasy cricket? Is this money counted as an income?

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Fantasy Sport the "fskill" game is there for you to make you earn from thousands to lacs in a month or even on a particular day of cricket or football match. The amount earned cannot escape from the eyes of INCOME TAX DEPARTMENT OF INDIA.    As the money won by Fantasy Sports comes under the I ncome Tax Act, 1961 Section 56(2)(ib) which says that " Income From Other Sources " are taxable. Also Finance Act 2001 amended as a whole about the description of games about taxation. Under Section194B , winnings from certain sources are subject to TDS of 30% , these are as follows:  Lotteries and Lucky draws, Fantasy sports, Races, Card games,  Crossword puzzles, TV or electronic competitive game shows. So basically if your prize money is more than  ₹ 10000 and your total earnings are more than  ₹  2.5lakh there will be an amount which you have to pay as a TAX. However, the good thing is its not your headache to go into the process, t...