Deduction at source on online gaming winnings requires platforms to deduct tax on users' net winnings at year end or withdrawal. Persons paying winnings from online games must deduct income tax on the net winnings in a user's account, computed as prescribed, at the end of the ... Summary
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Deduction at source on online gaming winnings requires platforms to deduct tax on users' net winnings at year end or withdrawal.
Persons paying winnings from online games must deduct income tax on the net winnings in a user's account, computed as prescribed, at the end of the financial year or, if a withdrawal occurs, at the time of withdrawal on the withdrawn net winnings and the remaining net winnings; if winnings are partly or wholly in kind and cash is insufficient, the payer must ensure tax is paid before release. The Board may issue binding guidelines, with Central Government approval, to address implementation difficulties.
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