The Central Board of Direct Taxes (CBDT) has notified the Income Tax (Fifth Amendment) Rules, 2023.The Board has notified a new Rule 133, which prescribes a manner for computing "net winnings" from online games under sections 115 BBJ and 194BA of the Income Tax Act, 1961.It was clarified that whenever there is payment to the user in kind or in cash, or partly in kind and partly in cash, which...
