https://www.taxtmi.com/caselaws?id=799925 Skill-based online card-game winnings fall within taxable income and remain subject to the special tax treatment for winnings; the online mode and the game's skill-based character do not alter that treatment. Taxability, however, requires identification of real net winnings rather than aggregation of gross credits entering an online gaming wallet. Repeated wallet credits, debits and redeployment do not themselves establish taxable income. The restriction on deducting expenditure does not displace the prior requirement to determine whether an actual gain arose. Verified buy-in amounts must therefore be considered in determining net accretion, and a net loss does not create taxable winnings. en-us Thu, 10 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799925 Skill-based online card-game winnings fall within taxable income and remain subject to the special tax treatment for winnings; the online mode and the game's skill-based character do not alter that treatment. Taxability, however, requires identification of real net winnings rather than aggregation of gross credits entering an online gaming wallet. Repeated wallet credits, debits and redeployment do not themselves establish taxable income. The restriction on deducting expenditure does not displace the prior requirement to determine whether an actual gain arose. Verified buy-in amounts must therefore be considered in determining net accretion, and a net loss does not create taxable winnings. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799925