Thursday, May 25, 2023

TDS on online games winnings: How companies will deduct tax as per CBDT guidelines

The Central Board of Direct Taxes (CBDT) has issued guidelines on how online gaming companies will deduct tax from winnings they have earned. The guidelines have come after government removed the threshold of Rs 10,000 for deducting tax from the winnings in Budget 2023. The new rules have come into effect from April 1, 2023.

from Tax-Wealth-Economic Times https://ift.tt/4lRDtvb

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