Akil Khan • September 19, 2023
Casino.IN
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5M ago
jump in the GST and TDS taxes from the previous slab has prompted many gamblers to withdraw from these gambling activities. But is it possible for Indian gamblers? No, as gambling is an addiction for them, distracting from gambling is a tedious task. They are looking for protective ways to lower the tax amount. Putting a nod on this statement, the industry believes that the sudden upscale in the GST revenue can lead to value destruction for the casino industry ..read more
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Akil Khan • September 18, 2023
Casino.IN
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5M ago
What is the common link between a gambler and a politician? A gambler never lies, and a politician never admits the truth. Instead of discussing the political landscape in India, chase the rapid growth of the Indian economy due to the emergence of the . What is the current portfolio of the gambling industry? It is rising by confronting every obstacle and will have a boom fortune in the upcoming years. With a drastic upscale in its revenue, it has also boosted the income of the Indian government through online and offline gambling. What a surprise, India is now one of the dominating countries ..read more
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Akil Khan • November 24, 2023
Casino.IN
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5M ago
Indians are expressing pessimistic views about allocating huge taxes on gambling. The entertainment sector is expensive today. It falls under a costly tax bracket that changes yearly when the budget is announced. It functions similarly to the Value Added Tax (VAT), used before final gaming or other entertainment purchases. Still, the involvement of thrill and excitement in gambling tempts them to pay the , affixed to gambling. The article will discuss taxation and its regulation in India and how gamblers have accepted it ..read more
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Akil Khan • November 27, 2023
Casino.IN
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5M ago
Anticipating the future of gambling is a little difficult task, as you cannot hire a tarot reader to predict it. Gambling is prevalent. It is stretched across cultures that India owes to and shows its impact on the three stages: modern, colonial, and ancient India. India has cultivated major love from gamblers, incorporating more than 400 gaming companies in India. The country is a den for 420 million online gamers and is second after China . An attribution to factors like higher incomes, the burgeoning young population, and an adoption of new genres of casino games is responsible for its upwa ..read more
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Akil Khan • November 29, 2023
Casino.IN
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5M ago
October 1, 2023, the date changed how the government levies taxation on the online gambling industry. 28% tax is now charged uniformly in online gambling and gaming, including casinos, horse racing, and money gaming. However, a statement came from the Finance Minister about reviewing taxes after 6 months. Online gambling operators think they must juggle the present business model if taxes remain the same ..read more
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Akil Khan • November 30, 2023
Casino.IN
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5M ago
Indian gamblers need to understand how they can play games with cryptocurrency and whether their wins will be taxed. Let us give you a detailed sneak peek at the same. taxation laws concerning gambling are made strict in the country and is expected to reach $324 by 2027. The annual growth rate shown between the forecast period 2023 and 2027 will be 9.83%. However, a few legislations have been passed concerning gambling with cryptocurrency and the use of cryptocurrency, but it does not make it illegal ..read more
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Akil Khan • December 1, 2023
Casino.IN
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5M ago
These rising figures rightly showcase how the casino industry has gained a landmark achievement in India. Hence, India has already touched the $0.82 billion figure in 2023 . The growth chart will rise at lightning speed in the coming years. Casino spending is possible with the right payment methods. This insightful guide will help you learn more about deposit and withdrawal methods ..read more
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