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CBDT asks the winners of online games to pay taxes, file updated ITR

The winners of online games will have to pay taxes at the rate of 30 per cent without any rebates or 25-30 per cent on taxes and the interest due

Gaming
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BS Web Team New Delhi
Tax evasion in the gaming industry has come under the radar of the tax department. The Central Board of Direct Taxes (CBDT) has urged the winners of online games to file updated income tax returns (ITR-U), disclose their incomes and pay the applicable taxes.  

Nitin Gupta, chairman of CBDT, on Thursday, stated that one gaming portal has distributed Rs 58,000 crore in the last three years as the gross winning amount, according to a report by The Financial Express (FE). It has over 8 million users. 

The winners will have to pay 30 per cent tax along with interest without any

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First Published: Aug 26 2022 | 9:59 AM IST

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