Newsletter/Booklets 1st Feb 2023

Budget Buzz – Tax on winnings from Online Games

Authors

Stella Joseph Partner | Mumbai
Rahul Charkha Partner | Pune
Yash Desai Senior Associate | Mumbai

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The next Budget Buzz focuses on tax on winnings from online games.

As one of the measures for ‘rationalization and simplification’, the Hon’ble Finance Minister in the Union Budget 2023 has announced the proposal on ‘removing the minimum threshold of Rs 10,000/- for TDS and clarifying taxability relating to online gaming.’

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