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Tag: income tax department

IT Department seizes ‘Betting King’ Ramesh Chaurasia’s properties in Amroha

The Income Tax (IT) Department team from Mumbai has seized crores in benami (undisclosed) properties belonging to 'Betting King' Ramesh Chaurasia in Uttar Pradesh’s...

I-T dept collects Rs 600 crore in TDS from online gaming companies in H1FY24

The Central Board of Direct Taxes (CBDT) chairperson Nitin Gupta on Tuesday revealed that the IT department has collected Rs 600 crore in TDS...

Over 10,000 e-gamers and online gaming firms receive I-T notices

Over 10,000 e-gamers and online gaming firms have received notices from the income tax authority requesting payment. With a shift in the tax regime,...

Budget 2023: Big change on taxation for online gaming, net winnings subject to 30% TDS

As was expected in some quarters, Finance Minister Nirmala Sitharaman announced significant changes to the taxation provisions for online gaming in her budget speech...

Kerala: Lottery agents exempted from paying TCS tax dues by income tax department

Lottery agents will not be required to pay Tax Collection at Source (TCS) for the period October 2020 to March 2021, as per a...