Tax Act 2024 Game . In the meanwhile, based on the recommendations of the gst council, the taxability in respect of online gaming was amended effective october 1, 2023, not only increasing the tax rate and. According to the income tax act, any game winnings are considered income and are subject to tax at 30% under section 115bb.
In the meanwhile, based on the recommendations of the gst council, the taxability in respect of online gaming was amended effective october 1, 2023, not only increasing the tax rate and. This tax is applied without any deductions.
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