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Tag: Tax Department

Indian government rakes in over Rs. 1260 crore in TDS from online gaming and cryptocurrency trade

The Income Tax Department of India has successfully collected more than Rs 1,260 crore in taxes from online gaming and trading in cryptocurrency during...

Income Tax dept raids Lottery King Santiago Martin’s premises across Coimbatore, Chennai

The Income Tax department's raids at Lottery King Santiago Martin’s business and personal premises at four locations in Coimbatore continue into the second day...

GST Council to informally discuss 28% tax on online gaming, casinos, horse racing in today’s meet

The 52nd GST Council meeting is expected to see members deliberate informally on the current GST law amendment situation in various states with respect...

DGGI to finish tax evasion probe involving 12 gaming companies soon

As per the latest developments, the Directorate General of GST Intelligence (DGGI) is almost done probing into a dozen online gaming companies for tax...

DGGI cracks down on illegal offshore gambling companies for Rs 12,000 crore GST evasion

The Directorate General of GST Intelligence (DGGI) has started to crack down on several online betting and gambling platforms based out of Cyprus, Mauritius...

Budget 2023: TDS on online gaming applications now effective from April 1

Contrary to a previous date of 1 July 2023, the tax deducted at source (TDS) on online gaming apps will now take effect on...

Winzo’s lawyer writes to PMO asking for scrapping of proposal to impose 28% GST on online gaming

Abhishek Malhotra, who is a managing partner at law firm TMT Law Practice and represents multi-gaming platform WinZo, recently wrote to the Prime Minister’s...

Reports: GoM likely to retain 28% GST rate on online gaming

According to sources who spoke with Financial Express, a group of ministers (GoM) on racetracks, casinos, and online gambling will probably maintain the stand...

Reports: CBDT to investigate offshore online gaming companies for tax evasion

Offshore online gaming platforms that have been evading taxes from the Indian government are now being scrutinised. It has been reported by Business Today...

Delhi Police arrests man running app-based online gambling racket; cash worth Rs 3.5 crore recovered

The Delhi Police arrested a 45-year-old gambling operator from East Delhi for running an app-based online gambling racket and recovered Rs 3.5 crore in...