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>Net winnings in online games taxed per Rule 133 of Income-tax Rules, 1962, with specific formulas and conditions.</h1> Net winnings from online games are calculated for tax purposes using specific formulas outlined in Rule 133 of the Income-tax Rules, 1962. The formula considers the aggregate amount withdrawn, non-taxable deposits, and account balances at the beginning and end of the financial year. Different calculations apply for initial and subsequent withdrawals, with net winnings being zero if certain conditions are met. The rule also clarifies definitions and conditions for non-taxable deposits, taxable deposits, and withdrawals. It addresses multiple user accounts and the treatment of bonuses or incentives, ensuring proper tax deduction under section 194BA.
TaxTMI 
TaxTMI 
