Highlights

  • CBDT mandates TDS on online gaming winnings
  • 30% TDS will be deducted from player winnings
  • State ministers fail to agree on gaming taxation

Latest news

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

Repo rate today at 5.25%: how long an RBI decision takes to reach your home loan interest rate

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

India implements tax guidelines for online gaming companies, TDS on winnings

The Central Board of Direct Taxes has issued guidelines for online gaming companies in India, requiring them to deduct TDS at a rate of 30% from player winnings.

India implements tax guidelines for online gaming companies, TDS on winnings

The Central Board of Direct Taxes has issued guidelines for online gaming companies in India, requiring them to deduct TDS at a rate of 30% from player winnings, including bonuses and incentives. However, bonuses and incentives will only be taxed if claimed or withdrawn. Net winnings will be calculated by subtracting the customer's withdrawals from the total deposits and opening balance at the beginning of the year. This move comes after a panel of state finance ministers failed to reach a consensus on taxing the online gaming sector.

ADVERTISEMENT

Up Next

India implements tax guidelines for online gaming companies, TDS on winnings

India implements tax guidelines for online gaming companies, TDS on winnings

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

iQOO Buds Review: Monster Battery and Serious Gaming Chops for under ₹2,000 

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

CMF Buds Neo Review: 35dB ANC, 52-Hour Battery and Incredible Value

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

iQOO Z11 Review: A Balanced Mid-Range Powerhouse

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch 9 Review: Familiar, Faster And Better Where It Matters

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

Samsung Galaxy Watch Ultra2 Review: A Smarter, Tougher and Longer-Lasting Ultra

ADVERTISEMENT

editorji-whatsApp

More videos

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Gabit Smart Ring Review: A Better Way To Track Your Health? 

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

Xiaomi Power Bank 5i 20000 67W Review: A Powerful Travel Companion

Redmi Note 17 Review: Still Worth the Note Name?

Redmi Note 17 Review: Still Worth the Note Name?

 iQOO Z11 Shows What Useful Smartphone AI Should Look Like

iQOO Z11 Shows What Useful Smartphone AI Should Look Like

Google Launches Pixel 11 Series, Showcases Next-Gen Silicon and Deeper AI Integration

Google Launches Pixel 11 Series, Showcases Next-Gen Silicon and Deeper AI Integration

Marshall Bromley 450 Review: Powerful 360° Sound Meets Iconic Design

Marshall Bromley 450 Review: Powerful 360° Sound Meets Iconic Design

Vivo S2 Review: Massive Battery, Premium Design, Minimal Compromises

Vivo S2 Review: Massive Battery, Premium Design, Minimal Compromises

Samsung Galaxy Z Fold 8 Review: The Foldable That Finally Delivers on the Phone-Tablet Dream

Samsung Galaxy Z Fold 8 Review: The Foldable That Finally Delivers on the Phone-Tablet Dream

Urban Company Launches Native M3 & M3 Pro Water Purifiers: Premium Design Meets 3-Year Zero Maintenance

Urban Company Launches Native M3 & M3 Pro Water Purifiers: Premium Design Meets 3-Year Zero Maintenance

Logitech Launches MK250 Bluetooth Combo and K250 Keyboard in India

Logitech Launches MK250 Bluetooth Combo and K250 Keyboard in India

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.