TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Section 115BBJ Introduces 30% Tax on Net Winnings from Online Games Starting April 2024</h1> Clause 54 of the Finance Bill, 2023 proposes the insertion of section 115BBJ into the Income-tax Act, effective April 1, 2024. This section mandates a 30% tax on net winnings from online games, calculated alongside the regular income tax applicable if such winnings were excluded. The terms 'computer resource,' 'internet,' and 'online game' are defined within this context. This amendment is applicable from the assessment year 2024-2025 onwards.
TaxTMI 
TaxTMI 
