https://www.taxtmi.com/article/detailed?id=11443 Section 194BA mandates deduction of tax on net winnings from online gaming at withdrawal and year end. Net winnings include withdrawable bonuses, incentives and money equivalent deposits, valued at fair market value unless purchased by the intermediary; GST is excluded. Amounts solely usable for play or deposited as borrowed funds are non taxable. Net winnings are computed across all user accounts as withdrawals less non taxable deposits during the year and opening balance. Intermediaries must collect and remit TDS even if user balance is insufficient, and a de minimis non deduction threshold applies. en-us Tue, 30 May 2023 17:52:11 +0530 Tue, 30 May 2023 17:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11443 Section 194BA mandates deduction of tax on net winnings from online gaming at withdrawal and year end. Net winnings include withdrawable bonuses, incentives and money equivalent deposits, valued at fair market value unless purchased by the intermediary; GST is excluded. Amounts solely usable for play or deposited as borrowed funds are non taxable. Net winnings are computed across all user accounts as withdrawals less non taxable deposits during the year and opening balance. Intermediaries must collect and remit TDS even if user balance is insufficient, and a de minimis non deduction threshold applies. Articles Income Tax Tue, 30 May 2023 17:52:11 +0530 https://www.taxtmi.com/article/detailed?id=11443