Online Gaming: Cloud Still Hangs Over Tax On Incentives, Small-Value Wins

New rules have not allayed concerns about the tax treatment of small-value wins and bonuses.

In March, the central government had announced a TDS The Central Board of Direct Taxes emoved the Rs 10,000 threshold that had pr earlier this week

The new provisio 30% will widen the tax net, and even treat bonuses and incentives as winnings from online games.

If incentives or bonuses credited to the user's account only for playing and cannot be withdrawn or used for any other purposes, they would not form a part of net winnings.

Vasudevan said this rule did not consider the origin of bonuses, which has a significant bearing on how rewards are a Joy Bhattacharjya rms. the Federation of Indian Fantasy Sports CBDTTDS n> Rule 133 CBDT Treatment of Bonus the end of the fiscal year ="summaryFeed_highLightText__NxlGi">22nd May April 1 TDS March xlGi">Bhattacharjya TDS mary 30% d_highLightText__NxlGi">Gangar < 10,000 lass="summaryFeed_highLightText__NxlGi">Playerzpot Media Pvt Mitesh Gangar the financial year ghLightText__NxlGi">LKS User Education Executive Vasudevan any given dayS TDS TDS Vasudevan TDS Sridharan Laksh Rs 100 ran the end of the fis Rs 100 pan> the same month