Monday, August 29, 2022

CBDT asks those who have won money in online games to pay taxes, file updated ITR

The Central Board of Direct Taxes (CBDT) have asked the taxpayers to file ITR-U if they have won money in online games in FY 2019-20 and Fy 2020-21. If the income tax department later traces such income, such taxpayers will face consequences of a penalty and other legal actions under income tax laws.

from Tax-Wealth-Economic Times https://ift.tt/v5rpiNk

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