https://www.taxtmi.com/article/detailed?id=13154 The provision under Section 115BBJ creates a higher, uniform tax regime on online gaming winnings to align virtual receipts with conventional taxable income, close compliance gaps, and treat speculative gains more heavily. It aims to mobilise revenue by enabling source-level tax deduction and exploiting digital transaction traceability, while using higher taxation as a tool to deter compulsive gambling and protect vulnerable participants, supported by enhanced platform reporting and technological enforcement. en-us Thu, 28 Nov 2024 10:31:14 +0530 Thu, 28 Nov 2024 10:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13154 The provision under Section 115BBJ creates a higher, uniform tax regime on online gaming winnings to align virtual receipts with conventional taxable income, close compliance gaps, and treat speculative gains more heavily. It aims to mobilise revenue by enabling source-level tax deduction and exploiting digital transaction traceability, while using higher taxation as a tool to deter compulsive gambling and protect vulnerable participants, supported by enhanced platform reporting and technological enforcement. Articles Income Tax Thu, 28 Nov 2024 10:31:14 +0530 https://www.taxtmi.com/article/detailed?id=13154