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    <title>TDS on online gaming from 1st April 2023. CBDT issues clarifications and machinery provisions [Sec 194BA of ITA&#039;61 - Sec 393 of ITA&#039;25]</title>
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    <description>Tax deduction at source applies to net winnings from online gaming from 1 April 2023, and tax is deducted at withdrawal and at year-end. Net winnings are computed from withdrawals after reducing non-taxable deposits and opening balance, while bonus credits, in-kind winnings, and certain convertible deposits may form part of the taxable base. GST is excluded from valuation, multiple user accounts may be aggregated, and no deduction is required where net winnings do not exceed the prescribed monthly threshold.</description>
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      <description>Tax deduction at source applies to net winnings from online gaming from 1 April 2023, and tax is deducted at withdrawal and at year-end. Net winnings are computed from withdrawals after reducing non-taxable deposits and opening balance, while bonus credits, in-kind winnings, and certain convertible deposits may form part of the taxable base. GST is excluded from valuation, multiple user accounts may be aggregated, and no deduction is required where net winnings do not exceed the prescribed monthly threshold.</description>
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