The only constant in life is ‘change’ which applies to tax and regulations as well. The emerging industries are not only attracting the attention of the potential clients/customers but that of the regulators too. E-commerce, cryptocurrencies, and Non-Fungible tokens have riveted the interest of the taxing authorities. Most recently, the online gaming industry has been caught in the net of a stricter income tax regime.
Against this background, Anchal Mundada, Principal Associate, and Saurabh Bora, Associate, Economic Laws Practice (ELP) have co-authored an article titled ‘Statutory Glitches In Online Gaming In India’ published by MediaNama where they discuss the newly introduced income tax provisions concerning the deduction of tax on winnings from online gaming.
The article can be read here: https://rb.gy/976×3