Taxcharcha
Income TaxLatest

Income Tax Update – Treatment of TDS on online gaming, amendment in section 194N and amendment in Form 16 for AY 2024-25

The Central Board of Direct Taxes (CBDT) has notified the Notification No. 28/2023 in which there has been an amendment in Section 194N, prescribing the method of TDS deduction in Section 194BA on online gaming and changes proposed in Form 16 for AY 2024-25 and onwards.

In addition to the Notification, a Circular has been issued on 22nd May 2023 in which various questions have been answered regarding the TDS on online gaming.

To view and download the Notification, click here

Notification No. 28/2023

Circular No. 5/2023

Related posts

Companies (Meetings of Board & its Powers) Amendment Rules 2018

Team Taxcharcha

Income tax return forms for AY 2023-24 notified

Team Taxcharcha

Notification no. 46/2019-Central tax – Prescribing due date for monthly GSTR 1 for the period October 2019 to March 2020

Team Taxcharcha