Government Tax Policy - PokerHigh

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Government Tax Policy

1. PokerHigh, Spartan Poker, and Blitz Poker are a part of the Quadnet Poker Network. Deposits and cashouts for all poker rooms on the network will be made by Quadnet Poker Network’s parent company Quadrific Media Pvt Ltd.

2. Cashouts and TDS: Cashouts for all players on the network are subject to withholding tax (TDS) as per applicable rates (i.e. 30% currently) which is submitted to the Indian tax authorities under section 194B of the Income Tax Act

3. Cashouts from all the Network Partners will be added to calculate the player’s TDS liability.

4. TDS will only be deducted on net winnings (Withdrawals till date – Deposits till date) from withdrawals during the financial year at the time of the withdrawal.