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GAMBLING TDS RULES
Won money on Dream11, My11Circle? Know income tax rules for this casual incomeDream11 win: Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as pe...
TDS rules relaxed for lottery, these other incomes: Budget 2025Budget 2025: Now the Finance Minister has removed the aggregate threshold limit of Rs 10,000 for deducting TDS on Winnings from lottery or ...
Budget 2024: Need for crypto-friendly budget, level-playing field, says WazirX's Rajagopal MenonRajagopal Menon says Indian crypto industry seeks level playing field, stable banking connections, and optimized taxes in upcoming budget. ...
What are the incomes on which advance tax can be paid in the next quarter without penal interestIncome tax rules say that if an individual's estimated tax liability for the financial year after subtracting tax deducted at source (TDS) ...
Now, international platforms wooing Indian gamers with ‘No GST’ messagesThese platforms are offering micro-influencers up to Rs 1,000 per post on social media platforms such as X (Twitter), Instagram and Faceboo...
View: By taxing real-money gaming like gambling, GST Council rightly conflates the two sectorsTo the real-money gaming industry currently complaining about the fact that usage will drop because of 28% GST, there is one simple respons...
Online gaming companies say 28% GST to hit their businessThe All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the counc...
28% GST on online gaming 'unconstitutional, irrational, egregious', says industryThe 50th GST Council has announced its decision to levy a 28% GST on online gaming, along with horse racing and casinos which comes as a dr...
Top gaming firms urge government not to raise GST rate to 28%A group of top online gaming firms has sent a representation through the Ficci Gaming Committee to the Central Board of Indirect Taxes & Cu...
E-filing of income tax return form 2 for FY2022-23 (AY 2023-24) available via offline methodIf you want to file your ITR now, you must first download the tool from the income tax e-filing website. After filling out the utility form...
Working on a larger blueprint for real money gaming space: Nitish Mittersain, Nazara TechnologiesI think at least at Nazara level, we are now very actively working on a larger blueprint for the real money gaming space and you will surel...
Group of ministers likely to propose 18% GST for games of skill, 28% for chanceThe Meghalaya chief minister Conrad Sangma headed GoM may recommend the highest 28% GST on betting, casinos and horse racing, differentiati...
Why crypto firms are on a flight to DubaiAn RBI circular barring banks from dealing with crypto assets and regulatory ambiguity had earlier forced many cryptocurrency firms to shif...
Budget 2022 cryptocurrency tax rules leave little on table for investors: 6 ways crypto investors will be impactedWhen experts looked into the fine print and investors understood the full implications of the rules, it became clear that the tax rules for...
Crypto’s bittersweet breakthrough, and other Budget 2022 highlightsWhile some in the crypto industry believe official recognition will bring in millions of users, including institutional investors who have ...
India may be poised to benefit from a broadly legalized gambling marketAround $60 bn is spent on all types of gambling in India, but only a fifth of it is legally accounted, according to a 2010 study by KPMG.
- SMEs may be taxed for outsourced work
SMEs that undertake the bulk of manufacturing for large cos may now have to forgo part of their revenues upfront as tax deducted at source....