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of <h1>Income Tax Bill 2025 Clause 393(3) mandates tax deduction on online gaming winnings replacing Section 194BA</h1> The Income Tax Bill 2025's Clause 393(3) introduces comprehensive tax deduction at source provisions for online gaming winnings, succeeding Section 194BA of the Income-tax Act 1961. The provision requires any person paying winnings from online games to deduct tax at prescribed rates on net winnings, covering payments in cash, kind, or digital credits. Key features include a computation-based threshold for net winnings rather than fixed monetary limits, broad applicability to all online gaming platforms, and deduction at point of payment or withdrawal. The provision aims to enhance tax compliance in the rapidly growing online gaming sector while addressing revenue leakage concerns through systematic tax collection mechanisms.
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