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of <h1>Finance Bill 2023 amends Section 194B: Tax on gambling winnings over 10,000; excludes online games from July 1.</h1> Clause 82 of the Finance Bill, 2023, amends section 194B of the Income-tax Act to include winnings from gambling or betting of any form, alongside lottery and crossword puzzle winnings, for tax deduction purposes. The amendment specifies that tax will be deducted on amounts exceeding ten thousand rupees during a financial year. Additionally, from July 1, 2023, tax deductions will not apply to winnings from online games, with 'online game' defined as per section 115BBJ. These changes are effective from April 1, 2023, except for the online game provision, which starts on July 1, 2023.
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