Net winnings from online games for the purposes of section 115BBJ [Read with Rule 133 ]

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.... Net winnings =(A+D)-(B+C), where - A = Aggregate amount withdrawn from the user account during the financial year; B = Aggregate amount of non-taxable deposit made in the user account by the assessee during the financial year; C = Opening balance of the user account at the beginning of the financial year; and D= Closing balance of the user account at the end of the financial year. [ Sub Rule 2 ] Net winnings comprised in the first withdrawal during the financial year, for the purposes of section 194BA, shall be calculated using the following formula, namely:- Net winnings =A-(B+C), where - A = Amount withdrawn from the user account; B = Aggregate amount of non-taxable deposit made in the user account by the owner of such acc....

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....count at the end of the financial year, for the purposes of section 194BA, shall be calculated using the following formula, namely:- Net winnings =(A+D)-(B+C+E), where - A = Aggregate amount withdrawn from the user account during the financial year; B = Aggregate amount of non-taxable deposit made in the user account by the owner of such account during the financial year; C = Opening balance of the user account at the beginning of the financial year; D= Closing balance of the user account at the end of the financial year; and E= Net winnings comprised in the earlier withdrawal or withdrawals computed under rule 133(2) or (4), during the financial year if tax has been deducted in accordance with the provision of section 194BA on ....

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....ry, of the same user shall not be considered as withdrawal or deposit, as the case may be, for the purposes of deducting tax under section 194BA. * Payment in Cash or Kind * whenever there is payment to the user in kind or in cash, or partly in kind and partly in cash, which is not from the user account, the provisions of this rule shall apply to calculate net winnings by deeming that the money equivalent to such payment has been deposited as taxable deposit in the user account and the equivalent amount has been withdrawn from the user account at the same time and shall accordingly be included in amount A; * Taxable deposit in the form of Bonus * whenever there is taxable deposit in the form of bonus, referral bonus, incentives, pro....