E-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose ...

The CBDT Chairman said that while there was a rule earlier it was subject to diverse interpretations and now rules are simplified, this wil...

The Central Board of Direct Taxes (CBDT) has issued guidelines on how online gaming companies will deduct tax from winnings they have earne...

Net winnings of an online gamer would be calculated after subtracting the total deposits and opening balance in the user account from the a...

The Meghalaya chief minister Conrad Sangma headed GoM may recommend the highest 28% GST on betting, casinos and horse racing, differentiati...

The government has revised the effective date from which TDS on winnings from online games will be deducted. The amendment was made at the ...

A top executive at a fantasy sports gaming platform said initially the government had set the July deadline for TDS applicability so that c...

A pertinent issue relating to the implementation mechanism proposed in the Union Budget for TDS (Tax Deducted at Source) on online games ha...

In her Budget speech on Wednesday, Union Finance Minister Nirmala Sitharaman said she proposes to deploy about 100 joint commissioners of t...

The Budget 2023-24 proposed introduction of two new provisions for TDS on online gaming – levy of 30% on payment of net winnings in a finan...

Experts believe that the move will help the online gaming industry to build a distinct identity for itself without getting clubbed with bet...

Currently, the TDS rate for online game winnings is at 30 percent. The TDS provisions come into effect if online game winnings exceed Rs 10...

The online gaming is in news due to various reasons. Budget 2022 announced to set up a task force committee to boost the domestic capacitie...

eGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS.

As per estimates, the Online Skill-Based Gaming, is about $2.5 billion industry with a CAGR of over 38 per cent and is projected to grow to...

Online gaming companies have been under tax scanner for the past few months following detection of tax evasion instances.

A 25-30 per cent growth in tax collection would take the net direct tax mop-up for current fiscal at Rs 17.75-Rs 18.46 lakh crore. The gros...