Notifications

The Central Board of Direct Taxes(CBDT) has notified rule for prescribing Net Winnings for Online Games for purpose of TDS via issuing Notification.

CBDT Notifies rule for prescribing net winnings from online games for purpose of TDS

News

As per news updates sudden significant deposits in numerous Jan Dhan Yojana accounts have been seen by Bank Officials.

Big Deposit of Rs. 2000 notes to invite Income Tax Scrutiny

MOF vide press release has announced that any payments made overseas by debit/ credit cards up to Rs 7 lakh will be exempt from TCS

Banks have mechanism to verify whether you’ve spent less than 7 lacs for collecting TCS: GOI

The circular has clarified the manner of computation of net winning which is prescribed in Rule 133 of the Income-tax Rules 1962.

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Not only GST authorities hit a legal snag into recovery from  Gameskraft, IT department, which sent notices to corporation and over 10,000 players, is encountering difficulties.

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

If you opt for New Tax Regime, and you have only a Rental Income of upto Rs. 10 Lakh, the same will be Tax-Free.

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CBDT Notifies rule for prescribing net winnings from online games for purpose of TDS

Big Deposit of Rs. 2000 notes to invite Income Tax Scrutiny

Banks have mechanism to verify whether you’ve spent less than 7 lacs for collecting TCS: GOI

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

How Rental Income of upto Rs. 10 Lakh can be Tax Free: Read to Know Further