Winnings from online games

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....innings in his user account, computed in the manner as may be prescribed, at the end of the financial year at the rates in force: Provided that in a case where there is a withdrawal from user account during the financial year, the income-tax shall be deducted at the time of such withdrawal on the net winnings comprised in such withdrawal, as well as on the remaining amount of net winnings in the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ment, and shall be binding on the income-tax authorities and on the person liable to deduct income-tax. Explanation.-For the purposes of this section- (a) "computer resource", "internet" and "online game" shall have the meanings respectively assigned to them in section 115BBJ; (b) "online gaming intermediary" means an intermediary that offers one or more online games; (c) "user" means any p....