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

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