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Section 194BA

Latest Articles


TDS Rate Chart for AY 2025-26 / FY 2024-25

Income Tax : Explore TDS rates for various incomes for FY 2024-25, including payments on salary, interest, winnings, rent, and more, applicable...

September 14, 2024 35442 Views 5 comments Print

Changes in Latest Income Tax Return (ITR) Forms for FY 2023-24

Income Tax : Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and...

March 26, 2024 10731 Views 0 comment Print

Taxation and TDS on Online Gaming

Income Tax : The online gaming industry in India has witnessed significant growth in recent years, with millions of users engaging in a variety...

January 26, 2024 10698 Views 0 comment Print

Analyzing the taxability of online gaming vis-a-vis Finance Bill, 2023: A conspicuous intention with poor implementation

Goods and Services Tax : Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for on...

September 17, 2023 3993 Views 0 comment Print

Important provisions of Tax Deducted at Source

Income Tax : Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections...

July 11, 2023 7818 Views 0 comment Print


Latest Notifications


Formula to Calculate Net Winnings & New Form 16, 24Q, 26Q, 27Q & 27EQ

Income Tax : Amendment in Income tax Rules, 1962, insertion of new rule 133 for prescribing calculation of net winnings for online games, notif...

May 22, 2023 2946 Views 0 comment Print

Section 194BA – TDS on Winnings from online games – CBDT Clarifies

Income Tax : Circular No. 5 of 2023, issued by CBDT, provides guidelines for the implementation of section 194BA of Income-tax Act, 1961. This ...

May 22, 2023 14835 Views 0 comment Print


Latest Posts in Section 194BA

TDS Rate Chart for AY 2025-26 / FY 2024-25

September 14, 2024 35442 Views 5 comments Print

Explore TDS rates for various incomes for FY 2024-25, including payments on salary, interest, winnings, rent, and more, applicable to residents and non-residents.

Changes in Latest Income Tax Return (ITR) Forms for FY 2023-24

March 26, 2024 10731 Views 0 comment Print

Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and more. Stay informed!

Taxation and TDS on Online Gaming

January 26, 2024 10698 Views 0 comment Print

The online gaming industry in India has witnessed significant growth in recent years, with millions of users engaging in a variety of games across different platforms. As this industry expands, it becomes crucial to understand the taxation implications and the role of Tax Deducted at Source (TDS) in the context of online gaming activities in […]

Analyzing the taxability of online gaming vis-a-vis Finance Bill, 2023: A conspicuous intention with poor implementation

September 17, 2023 3993 Views 0 comment Print

Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for online gaming income.

Important provisions of Tax Deducted at Source

July 11, 2023 7818 Views 0 comment Print

Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections such as 192, 193, 194, and 195, which cover various payment scenarios where tax deduction is required. Learn about TDS rates, thresholds, and implications for different types of income.

Section 194BA – TDS on winning from Online Games

June 2, 2023 13302 Views 1 comment Print

from online gaming. This includes both the winnings withdrawn and the remaining amount of net winnings in the user account at the end of the financial year. If the net winnings are received wholly or partly in kind, and the cash portion is insufficient to cover the entire TDS liability, the payer must ensure that the required tax has been paid before releasing the winnings.

TDS on insignificant winnings from online games

June 2, 2023 2010 Views 1 comment Print

Section 194BA was introduced by Finance Act 2023 to deduct TDS on net winnings from any online games. Manner of computation of net winning has been prescribed in Rule 133 of Income-Tax Rules, 1962.

Taxation & TDS on winnings from Online Games – Section 115BBJ and 194BA

May 25, 2023 23907 Views 1 comment Print

Government vide its notification no. 28/2023 dated 22 May 2023, introduced rule 133 under Income Tax Rules (the Rule) to provide the mechanism of calculation of the net winnings. While computing the net winnings following terms have been defined which will be used in formula for computation.

Calculation of “Net Winnings” for Section 194BA – Winning from Online Games

May 24, 2023 12702 Views 1 comment Print

Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961 with effect from 1st April 2023. As per section 194BA, a person who is responsible for paying to any person any income by way of winnings from any online game during the financial year to deduct income-tax on the net winnings in […]

Formula to Calculate Net Winnings & New Form 16, 24Q, 26Q, 27Q & 27EQ

May 22, 2023 2946 Views 0 comment Print

Amendment in Income tax Rules, 1962, insertion of new rule 133 for prescribing calculation of net winnings for online games, notification of revised Form No. 16, Form 24Q, Form 26Q, Form 27Q, and Form 27EQ – Notification No. 28/2023-Income Tax | Dated: 22.05.2023 Central Board of Direct Taxes ICBDT) has issued Notification No. 28/2023-Income Tax […]

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