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New TDS provision: IT Department...

Central Board of Direct Taxes...

New TDS provision: IT Department introduces mechanism for calculating net winnings from online gaming

Central Board of Direct Taxes has come out with a mechanism to prescribe the manner of computation of net winning from online gaming. Experts feel such a mechanism will help capture data in real-time.This mechanism is in response to the budget announcement about removing the minimum threshold of ₹10,000 for TDS (Tax Deducted at Source) and clarifying taxability relating to online gaming. The new provision has already come into effect from April 1. The new section mandates a person responsible for paying any person any income by...

Karl Jörg - May 22, 2023

Sports

New TDS provision:...

Central Board of Direct Taxes has come out with a mechanism to prescribe the manner of computation of net winning from online...

Karl Jörg - May 22, 2023

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