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Online games safe

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#1 by sonyjmn » Tue Mar 16, 2021 17:21

Playing online games is safe

As per income tax rules says as winnings from online games is taxable at 30%

I just came across online ludo game so tried if it works

It worked and withdrew 8 bucks

Now it is to know will amount be taxable and what is limit

Just played with free trial and now it shows as deposit money to get more money

I have not deposited any amount yet

Initially got sign up bonus of 10 and then played till 12 and withdrew 8

Is it safe to continue or quit due to 30% will be taxable

Please do share your inputs

Thank you
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#2 by tasman1 » Tue Mar 16, 2021 17:42

Not sure , it is not my kind , never paid for chance to earn

For tax ? it depend what is law in India , here we have law that allows pensioners to earn some money before tax is applied

In any case , good luck
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#3 by Arvind9 » Tue Mar 16, 2021 17:46

Where did you try a website or an application,what were the cashedout options,there are huge online casino games having website people make thousands on it per day that is a sort of gambling and high paying thats why it is taxable at 30% please specify how you played it.

I had registered on a site Genesis Casino but never played I still get emails from them
Spin into the casino with 100% upto Rs 10,000 bonus + 20 free spins,its a very high paying site but need to deposit an amount to start earning from such sites is taxable
Last edited by Arvind9 » Tue Mar 16, 2021 17:54 » edited 1 time in total
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#4 by sonyjmn » Tue Mar 16, 2021 17:56

I got this ludo ninja app from ysense under offers section

When I clicked on it took to Google play store and downloaded app

Initially the site gave sign up bonus of 10 bucks

With that 10 bucks my score went to 12 then to check if it is genuine or not

Withdraw 8 bucks through paytm and it was instantly credited

Under paytm it showed as all payments received will be under Rbi permission

So they paid 8 so played again and all sign up bonus made 0 in one day

Now to play free or to deposit money to earn more
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#5 by sonyjmn » Tue Mar 16, 2021 18:01

Now I have 4 balance in game app

Just checked any tax to pay

I done research through Google it showed as online games winnings pay tax

But I'm not sure about limit

Just thinking either to quit or play free and get 100 and stop

In app now it says to earn more deposit 100, 500 or 1000

I have not deposited any money
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#6 by Arvind9 » Tue Mar 16, 2021 18:06

If you have a Paytm account and not connected to your bank account by UPI then nothing to worry the money remains in your paytm account and can be used for various purposes shopping online and offline paying bills mobile recharge send money to someone else having a paytm account or receive money from someone as long as your PAYTM account is not connected to your bank account by UPI nothing to worry,some Indian sites steal people's money by saying its taxable and deduct tax and pay rest there are many such sites paying in PAYTM because its free money but they cheat users by deducting tax themselves,what you downloaded is not classified as gambling so no tax
Last edited by Arvind9 » Tue Mar 16, 2021 18:12 » edited 1 time in total
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#7 by tasman1 » Tue Mar 16, 2021 18:07

Basic tax world wide .... let say 30%

You win on that , you never loose ... let see example , you have to pay 30 million tax , that will be good in reality you earned 100 million , you pay 30 million tax

I will like to pay 30 billion or more tax every year :D , more one pay , more one earned
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#8 by sonyjmn » Tue Mar 16, 2021 18:12

While withdrawn 8 paytm took details of bank account

Bank account is connected to paytm

Strange I found was money did not added to paytm wallet

It directly credited to bank account

Is this app safe now to play

My mistake done was fully used of 10 sign up bonus

Is paytm safe will it not sell any bank account data
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#9 by Arvind9 » Tue Mar 16, 2021 18:17

NO you made a mistake my paytm account is not connected to my bank account they ask to connect but not mandatory my PAYTM account is only KYC done,you should never connect to bank account only debit card and credit card PayPal is mandatory to connected with bank account mobile wallets need not connect to bank account,its ok nothing went wrong once connect to bank account money goes automatically to your bank account just like PayPal thats ok but only mistake you made connecting Paytm with bank
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#10 by Arvind9 » Tue Mar 16, 2021 18:24

People send money to me in my PAYTM account everyday I get message from PAYTM Arvind open a PAYTM BANK ACCOUNT AND PAYTM FIRST CARD ITS LIKE CREDIT CARD but I dont do it because my PAYTM application works only with my finger print authorization no password
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#11 by sonyjmn » Tue Mar 16, 2021 18:46

Ok thanks Arvind

Its done deregistered bank account from paytm upi profile

Now balance of 4.4 in app i tried to withdraw

It showed as for withdrawal need 60 bucks

Will quit now from app or to add money to paytm wallet

Will check how to add money to paytm wallet
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#12 by Arvind9 » Tue Mar 16, 2021 19:05

sonyjmn wrote: Ok thanks Arvind

Its done deregistered bank account from paytm upi profile

Now balance of 4.4 in app i tried to withdraw

It showed as for withdrawal need 60 bucks

Will quit now from app or to add money to paytm wallet

Will check how to add money to paytm wallet

If you delinked from your bank account no need to worry;all money will come in your PAYTM account your account statement will show everything then you can spend the money directly for anything that shows PAYTM accepted online and offline in shops,pay bills recharge mobile buy petrol even insurance
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#13 by sonyjmn » Tue Mar 16, 2021 19:08

Ok
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#14 by suraraj » Tue Mar 16, 2021 19:17

For doing UPI transactions you need to link your bank account in Paytm or any other like Google pay. Paytm is very safe and I have been using most of the UPI transactions through Paytm. Paytm is even safer that Google pay. Online games are safe but you will loose money more and I have heard many people committing suicides by playing Rummee or online poker games. So be safe and know your limits. Do not put more money in it. When you lose do not have the aim to win the lost money. Just log off and play on another day.
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#15 by sonyjmn » Tue Mar 16, 2021 20:55

Thanks Suraraj

I have not deposited any money from my bank account to this Ludo game app

It was free when I downloaded app

I did not invest one rupee too

This is not poker or rummy game

Thanks for valuable suggestions
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#16 by sonyjmn » Wed Mar 17, 2021 09:52

Not worth 60 bucks

Here atleast we are getting paid higher
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#17 by Darkstar2 » Wed Mar 17, 2021 18:19

Let me give you some golden advice, the best advice you can ever get about this topic - don,t waste your bloody time with online gambling, no matter how trustworthy the casino claims to be, you will lose your money - the house is always a winner, most online casinos are a deceptive and rigged, in fact they might lure you with sign up bonuses and cash backs, don't fall for the scam - what they do is when you join you will get a very high pay rate, you will seem like you are winning and very lucky, this is only to get you to deposit your own money and keeping depositing, eventually your luck streak will run out and you will lose and lose and lose, in the end you will lose far more than you earn. It is far easier for online casinos to rig things than a brick and mortar casino, in a physical casino you can't rig table games, casinos win because of the house edge. Online, you cannot see the software code so it is very easy for them to rig things, and even the casinos using MD5 result hash, they can still rig things by adapting returns based on your bet and playing style.

Avoid playing online for money, you will always be losing - and of the few times you will win, you will still be down by a lot....... Don't be fooled by the idiots who post videos online of their winnings, what they don't tell you is that to win their $25,000 jackpot, they probably spent $100k first :P
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#18 by sonyjmn » Thu Mar 18, 2021 02:49

Oh Darkstar

I have not invested any money for this app

From day 1 it is free

On day 1 the site gave 10 bonus as sign up

I fully completed the 10 money on day 1 itself so now bonus is 0 zero

Playing free only

In between the logo flashes and says deposit 100 or 500 or 1000

I have not deposited any money

This is not casino app it is Ludo app

Completely depends on you which move you select in game
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#19 by Arvind9 » Thu Mar 18, 2021 03:04

There is some confusion all Casino games dont pay you they are only for fun,you need to download the application and play,they are sometimes available in many countries in offers you need to reach a certain level in the game in a specified period of time,if you complete it successfully within the given period the given reward is credited to your Ysence account,they pay very well anything between 3$ to 20$ depending on the countries that are targeted,I see members from Turkey getting such games regularly and they pay very high in their country,even I play them whenever its available but here for India it pays between 3-7$,these are fun games not generating money


In Adscend in offers you will find some free trials,they require only credit card information no charges no in app purchase and it pays instantly,there are couple of them still available if you try all of them you can make more than 10$,I have completed them two days ago successfully
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#20 by Arvind9 » Thu Mar 18, 2021 18:57

Adgate offer Board Kings 237 cents very good offer it pays and is easy to complete within the given time,I had completed this offer long time back on some other offer wall for 3$
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