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GAMBLING TAX LIABILITY
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- SC GST ruling on online gaming may cast wider tax net over casinos, horse racingA recent Supreme Court judgment clarifies that the GST valuation framework applies broadly to all betting and gambling activities, not just...
- Delta Corp shares tank 16%. What’s triggering the sharp selloff?Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- Quiet IRS rule shift means an extra $800 for some Americans in 2026 — here’s who winsAmericans who hit jackpots at casinos stand to gain in 2026. The IRS just confirmed a major shift: the taxable threshold for slot machine w...
- Advance tax calculator 2025-26: How much you must pay on salary and LTCG incomeAs we approach FY 2025-26, it's essential to get a grip on advance tax, particularly for those relying on salary income or long-term capita...
- Advance tax deadline September 15, 2025: How much penal interest you need to pay if you miss due dateTaxpayers with liabilities exceeding Rs 10,000 must pay advance tax in quarterly instalments. The Q2 deadline for FY 25-26 is September 15,...
- 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) ...
- Online gaming, casinos liable to 28 per cent GST since beginning: Revenue Secretary Sanjay Malhotra"Certain members had raised the issue of retrospective taxation. It was informed to them that this is not retrospective, and this was the l...
- Online gaming companies tax demand in line with legal stand: CBIC chairmanCBIC chair says will implement 28% GST regime after state laws amended, review in 6 months
- eGaming companies GST tax demand in line with legal stand: CBIC chiefThe Central Board of Indirect Taxes and Customs (CBIC) chairman, Sanjay Kumar Agarwal, has stated that the goods and services tax (GST) not...
- Exclusive: GST tweak may cost 40 online gaming companies Rs 10,000 croreOfficials said liabilities in the case of the 40 online gaming companies could add up to Rs 10,000 crore. The authorities had been awaiting...
- 28% GST on online gaming could boost revenue collection tenfoldHowever, the industry claims the move threatens to make the $20 billion online gaming sector unviable.
- Rajasthan HC stays GST notice to gaming firm MyTeam11Rajasthan High Court asks DGGI to refrain from taking coercive action against the company
- Game Theory: Grow the skill games & licence gamblingIt would be far more prudent to allow games of skills flourish under self-regulation and tax them at 18%. Make gambling mainstream by allow...
- ETtech Opinion: Implications of India’s tax rules for cryptoCrypto is an asset class and an investment product. Trading crypto requires specific skills and cannot be compared to gambling.
- Is Dream11 a gambling & betting site? This GST ruling settles the caseTencent-backed Dream11 offers an online fantasy game, wherein players can create different virtual sports teams, comprising as many players...
- My husband credits Rs 30,000 in my account which I invest in mutual funds. Do I need to file ITR?If you reinvest the earnings from your investment and earn further income, then such income will not be clubbed with the husband’s taxable ...
- Why commodity trading is good for economyLet’s give the Budget credit for removing the absurd rule that even when a commodity hedger makes a loss, he could have a tax liability.
- Government scraps licence of Indian 'Casino King' in NepalCommunist-led government has scrapped the licence of Indian "Casino King" Rakesh Wadhwa to operate casinos in Nepal for his alleged failure...
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