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‘It appears that these amendments have now been accepted. This may require gaming operators to seek an undertaking and proof from the users, to ensure proper compliance with this provision’
The tax deducted at source (TDS) on online gaming applications will now be effective from April 1, 2023 as opposed to an earlier proposed date of July 1, 2023, according to amendments made to the Finance Bill, 2023 which was passed in Parliament Friday.
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The gaming industry had earlier called for making the change. Shashi Mathews, Partner, IndusLaw said, “The TDS on the online gaming was also proposed to be deducted at the double rate, in case of non-compliance in return filing by the concerned deductee, where the TDS amount in the past year was more than Rs 50,000. It appears that these amendments have now been accepted. This may require gaming operators to seek an undertaking and proof from the users, to ensure proper compliance with this provision”.
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