India’s net direct tax collection so far during the financial year 2023-24 grew 15.87 per cent on-year. The Central Board of Direct Taxes (CBDT) recently issued guidelines for tax deduction at source ...

Lakshmikumaran & Sridharan (LKS), a premier full-service Indian law firm specializing in taxation, has in a comprehensive white paper analyzed the proposed TDS changes announced for the Online Gaming ...

The online gaming industry is a rapidly growing sector in India, projected to experience a compound annual growth rate (CAGR) of approximately 27% over the next five years. This growth is expected to ...

The CBDT, via a notification, prescribed the manner of computation of net winning for online gaming platforms under Rule 133 of the Income-tax Rules, 1962 Online gaming platforms will not be required ...

The Central Board of Direct Taxes (CBDT) on Monday clarified that any deposit in the form of bonus or incentives credited in a user account will be considered net winnings, and subject to tax ...

We missed this earlier: After some confusion over how to implement the government’s taxation regime for online gaming introduced in this year’s Budget, the Ministry of Finance has come out with ...

The Centre has collected more than INR 700 Cr in Tax Deducted at Source (TDS) from winnings of online gamers and cryptocurrency transactions in the ongoing financial year. The government has recorded ...

The government has collected more than ₹700 crore in taxes till now this fiscal after a new TDS regime was brought in for online gaming and trade in cryptocurrency, CBDT Chairperson Nitin Gupta said ...

Explore India’s online gaming legal framework, 28% GST on deposits, 30% tax on winnings, TDS rules, compliance duties for ...