Global Economy

I-T Dept collects over Rs 1,260 cr in TDS from online gaming



New Delhi: The government has collected about Rs 1,260 crore in taxes till now this fiscal after a new TDS regime was brought in for online gaming and trade in cryptocurrency, CBDT Chairperson Nitin Gupta said Friday.

About ₹1,080 crore in taxes (under the tax deduction at source head) has been collected from online gaming and around Rs 180 crore through TDS has been mopped up during 2023-24 fiscal from the taxation of virtual digital assets (cryptocurrency), he said.

(You can now subscribe to our Economic Times WhatsApp channel)



READ SOURCE

Readers Also Like:  Hurricane Beryl grows to Category 5 strength as it razes southeast Caribbean islands

This website uses cookies. By continuing to use this site, you accept our use of cookies.