Through the Finance Bill, the government has included section 115BBJ in the Income Tax Act, which defines an online game as one that is offered on the internet and is accessible by a user through a computer resource including any telecommunication device.
Vikash Sureka, chief financial officer, Mobile Premier League (MPL), said the Finance Bill has made a critical distinction between games of skill and games of chance, classifying them into separate sections. This signals the government's recognition of the unique nature of each and the need for separate tax policies.
"With the introduction of two new sections-194BA (for TDS of winnings from online games for online intermediaries) and 115BBJ (for computation of taxes for those who earn income from winnings of online games)-the government has cleared ambiguities regarding TDS calculation for online gaming and simplifies the process for both companies and users," he added.
Diese Geschichte stammt aus der February 03, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der February 03, 2023-Ausgabe von Business Standard.
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