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        Income Tax

        Rule 133 - Calculation of Net winnings from online games during the previous year, for the purposes of section 115BBJ

        Income-tax Rules, 1962
        Chapter XV
        MISCELLANEOUS

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        Net winnings calculation governs online gaming taxability by netting withdrawals, deposits and balances to determine taxable winnings. Net winnings are calculated by netting aggregate withdrawals and closing balance against non taxable deposits, opening balance and previously taxed net winnings where applicable; first and subsequent withdrawals have specific formulas that subtract non taxable deposits and opening balance, with subsequent withdrawals also subtracting earlier net winnings on which tax was deducted, and all computations are floored at zero if offsets equal or exceed amounts to be netted.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Net winnings calculation governs online gaming taxability by netting withdrawals, deposits and balances to determine taxable winnings.

                          Net winnings are calculated by netting aggregate withdrawals and closing balance against non taxable deposits, opening balance and previously taxed net winnings where applicable; first and subsequent withdrawals have specific formulas that subtract non taxable deposits and opening balance, with subsequent withdrawals also subtracting earlier net winnings on which tax was deducted, and all computations are floored at zero if offsets equal or exceed amounts to be netted.


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