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>Section 194B Amended: Tax Now Covers Gambling Winnings Over 10K, Excludes Online Games Post-April 2023</h1> Section 194B of the Income-tax Act has been amended by the Finance Act, 2023. The marginal heading now reads 'Winnings from lottery or crossword puzzle, etc.' The scope has expanded to include winnings from gambling or betting of any form exceeding ten thousand rupees during the financial year. Additionally, a new proviso specifies that this section does not apply to income-tax deductions on winnings from any online game starting April 1, 2023. The term 'online game' is defined as per clause (iii) of the Explanation to section 115BBJ.
TaxTMI 
TaxTMI 
