1. How are fantasy sports taxed in India?
   According to Indian tax laws, any income earned from winning a game of chance, including fantasy sports, is subject to taxation. This means that the winnings from fantasy sports are taxable.
2. What is the TDS rate on fantasy sports winnings?
   The TDS rate on fantasy sports winnings is currently set at 31.2%. This includes a 30% tax rate and an additional 4% health and education cess.
3. Is there a threshold for TDS on fantasy sports winnings?
   Yes, there is a threshold for TDS on fantasy sports winnings. If your winnings exceed Rs. 10,000 in a financial year, TDS will be applicable.
4. How does TDS on fantasy sports winnings affect players?
   TDS on fantasy sports winnings affects players by deducting a certain percentage from their winnings at the time of payment. The deducted amount is remitted to the government as tax.
5. Are there any exemptions or deductions available for fantasy sports winnings?
   Currently, there are no specific exemptions or deductions available for fantasy sports winnings. However, players can claim credit for TDS while filing their income tax returns and adjust it against their total tax liability.
6. How is TDS calculated on fantasy sports winnings?
   TDS on fantasy sports winnings is calculated by applying the applicable TDS rate (currently 31.2%) to the total winnings. The deducted amount is then credited to the player’s account.
7. Can players claim a refund if excess TDS is deducted on their winnings?
   Yes, players can claim a refund if excess TDS is deducted on their winnings. They can do so by filing their income tax returns and providing the necessary details to claim the refund.
8. What is the procedure for filing income tax returns for fantasy sports winnings?
   The procedure for filing income tax returns for fantasy sports winnings is the same as filing returns for any other income. Players need to include their winnings as part of their total income and file their returns accordingly.
9. Are international players subject to TDS on their fantasy sports winnings in India?
   Yes, international players are subject to TDS on their fantasy sports winnings in India. The TDS is deducted at the applicable rate for non-residents.
10. What should players do if they receive multiple TDS certificates from different fantasy sports platforms?
    If players receive multiple TDS certificates from different fantasy sports platforms, they should consolidate the information and ensure that it is accurately reflected in their income tax returns. They should provide the necessary details to avoid any discrepancies in their tax filings.

Please note that tax laws and regulations are subject to change. It is advisable to consult a tax professional or refer to the latest guidelines from the tax authorities for the most up-to-date and accurate information on fantasy sports taxation and TDS rules in India.