https://www.taxtmi.com/acts?id=41810 Calculation of net winnings from online games is prescribed by separate formulas for annual computation, first withdrawal, subsequent withdrawals and year-end balance, with prior winnings already subjected to tax deduction excluded from later calculations. The rule defines non-taxable deposit, taxable deposit and withdrawal, treats payments made outside the user account as deemed taxable deposits and withdrawals, aggregates multiple user accounts of the same user, and disregards transfers between such accounts. Bonus, referral bonus, incentives, promotional money and similar amounts usable only for play are ignored unless later recharacterised as withdrawable, in which case they are deemed taxable deposits. en-us Tue, 23 May 2023 15:49:12 +0530 Thu, 21 May 2026 15:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41810 Calculation of net winnings from online games is prescribed by separate formulas for annual computation, first withdrawal, subsequent withdrawals and year-end balance, with prior winnings already subjected to tax deduction excluded from later calculations. The rule defines non-taxable deposit, taxable deposit and withdrawal, treats payments made outside the user account as deemed taxable deposits and withdrawals, aggregates multiple user accounts of the same user, and disregards transfers between such accounts. Bonus, referral bonus, incentives, promotional money and similar amounts usable only for play are ignored unless later recharacterised as withdrawable, in which case they are deemed taxable deposits. Act-Rules Income Tax Tue, 23 May 2023 15:49:12 +0530 https://www.taxtmi.com/acts?id=41810