Sunday, March 02, 2025 | 09:32 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Gaming firms hail CBDT's online gaming TDS clarifications on bonuses & sops

TDS not to apply if bonuses are used only for playing, or if net winnings do not exceed Rs 100 a month, or if balance in the user account is not sufficient to discharge tax deduction

Online gaming
Premium

Aryaman Gupta New Delhi

Listen to This Article

The recent clarifications for taxation on bonuses and incen­tives received from online games, issued by the Central Board of Direct Taxes (CBDT) on Monday, have been largely welcomed by industry stakeholders. They say it will give a fillip to the burgeoning $2.2-billion Indian online gaming industry.

The apex tax body clarified that any deposit in the form of a bonus or incentive credited to a ‘user account’ will be considered net winnings and will, therefore, be subject to tax ded­u­ction in case of withdrawal. Money-equivalent deposits in the form of coins, coupons, and vouchers will also be taxable.
 
Tax deducted at

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in