https://www.taxtmi.com/acts?id=53441 Rule 135 prescribes formula-based computation of net winnings from online games for tax purposes, covering the general tax-year calculation, the first withdrawal, subsequent withdrawals, and the balance remaining in the user account at year-end. It defines non-taxable deposit, taxable deposit, and withdrawal, treats all user accounts of the same user on an aggregated basis, excludes transfers between such accounts from being treated as deposits or withdrawals, and deems payments outside the user account as taxable deposits and corresponding withdrawals. Bonus-type credits usable only for play are ignored unless later recharacterised as withdrawable, when they become taxable deposits. en-us Fri, 20 Mar 2026 18:10:02 +0530 Tue, 07 Apr 2026 12:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53441 Rule 135 prescribes formula-based computation of net winnings from online games for tax purposes, covering the general tax-year calculation, the first withdrawal, subsequent withdrawals, and the balance remaining in the user account at year-end. It defines non-taxable deposit, taxable deposit, and withdrawal, treats all user accounts of the same user on an aggregated basis, excludes transfers between such accounts from being treated as deposits or withdrawals, and deems payments outside the user account as taxable deposits and corresponding withdrawals. Bonus-type credits usable only for play are ignored unless later recharacterised as withdrawable, when they become taxable deposits. Act-Rules Income Tax Fri, 20 Mar 2026 18:10:02 +0530 https://www.taxtmi.com/acts?id=53441