A person playing card games at National Sports Club, some time he win and some time he loose, he is showing net income in its Income Tax Return. Whether he can claim loss in playing game as set off against winnings. He is having proof only he is member in club, where this card game is playing. Kindly advise
Thanks
Claiming gambling losses as set off against winnings questioned where only club membership is offered as proof. Whether losses from playing card games may be set off against winnings for income-tax purposes is queried by a taxpayer who reports net income and states that the only proof available is membership of the club where the games are played. (AI Summary)