https://www.taxtmi.com/article/detailed?id=11456 Tax deduction at source on online gaming winnings requires persons paying such winnings to deduct tax on net winning computed under Rule 133. Net winning is calculated by formulae using aggregates A (withdrawals), B (non-taxable deposits by account owner), C (opening balance), D (closing balance) and E (earlier net winnings on which tax was deducted); TDS applies at each withdrawal (first and subsequent) and on the user account balance at year end, with transfers, bonuses, valuation of in kind winnings and limited relief for trivial withdrawals specifically addressed. en-us Fri, 02 Jun 2023 10:20:48 +0530 Fri, 02 Jun 2023 10:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11456 Tax deduction at source on online gaming winnings requires persons paying such winnings to deduct tax on net winning computed under Rule 133. Net winning is calculated by formulae using aggregates A (withdrawals), B (non-taxable deposits by account owner), C (opening balance), D (closing balance) and E (earlier net winnings on which tax was deducted); TDS applies at each withdrawal (first and subsequent) and on the user account balance at year end, with transfers, bonuses, valuation of in kind winnings and limited relief for trivial withdrawals specifically addressed. Articles Income Tax Fri, 02 Jun 2023 10:20:48 +0530 https://www.taxtmi.com/article/detailed?id=11456