https://www.taxtmi.com/manuals?id=2577 Section 194BA requires deduction of tax at source on net winnings from online games by any person responsible for paying such winnings. Tax is to be deducted at financial year-end on net winnings in the user account, or at the time of withdrawal during the year on the net amount withdrawn and on the remaining net winnings computed at year-end. Where winnings are partly in kind and available cash is insufficient, the payer must ensure tax is paid before releasing winnings. No threshold limit applies; statutory rate applies and non-resident recipients attract surcharge and cess. CBDT may issue guidelines for difficulties. en-us Wed, 05 Apr 2023 15:12:00 +0530 Wed, 15 May 2024 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2577 Section 194BA requires deduction of tax at source on net winnings from online games by any person responsible for paying such winnings. Tax is to be deducted at financial year-end on net winnings in the user account, or at the time of withdrawal during the year on the net amount withdrawn and on the remaining net winnings computed at year-end. Where winnings are partly in kind and available cash is insufficient, the payer must ensure tax is paid before releasing winnings. No threshold limit applies; statutory rate applies and non-resident recipients attract surcharge and cess. CBDT may issue guidelines for difficulties. Manuals Income Tax Wed, 05 Apr 2023 15:12:00 +0530 https://www.taxtmi.com/manuals?id=2577