Govt makes bonus given in Cash & kind by Online games Taxable

Govt makes bonus given in cash & kind by online games taxable-Taxpuram

The government has announced that bonuses received in cash and kind from online games will now be subject to taxation. This move aims to ensure fairness and equal treatment across various income sources.

Online gamers will need to declare and pay taxes on bonuses received, whether in the form of cash rewards or in-game items. The new regulation reflects the government’s efforts to keep pace with the evolving digital landscape and ensure proper taxation of income generated from online gaming activities.

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