https://www.taxtmi.com/circulars?id=66346 TDS on winnings from online games under section 194BA requires deduction on net winnings at withdrawal and year-end as computed by Rule 133. Each registered user account (including multiple wallets) is aggregated for deposits, withdrawals and balances unless technological separation by platform is necessary, in which case aggregation applies within each platform. Non-taxable deposits (including borrowed funds) reduce net winnings; bonuses and incentives are taxable deposits unless play-only non-withdrawable, which are excluded until recharacterised. Valuation rules and procedures for in-kind winnings, withdrawal treatment, and a limited concession for insignificant withdrawals are specified. en-us Mon, 22 May 2023 00:00:00 +0530 Wed, 24 May 2023 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66346 TDS on winnings from online games under section 194BA requires deduction on net winnings at withdrawal and year-end as computed by Rule 133. Each registered user account (including multiple wallets) is aggregated for deposits, withdrawals and balances unless technological separation by platform is necessary, in which case aggregation applies within each platform. Non-taxable deposits (including borrowed funds) reduce net winnings; bonuses and incentives are taxable deposits unless play-only non-withdrawable, which are excluded until recharacterised. Valuation rules and procedures for in-kind winnings, withdrawal treatment, and a limited concession for insignificant withdrawals are specified. Circulars Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66346