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

Notification No. 18/2022-Central Tax – Seeks to notify 01.10.2022 as the date on which provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act, 2022 shall come into force.

Team Taxcharcha

Notification No. 26/2020-Central Tax – Extension of GSTR 3B for the period July 2019 to September 2019 in the state of Jammu & Kashmir

Team Taxcharcha

Draft notification proposing amendments in Form 36(Appeal to ITAT) and Form 36A(Memorandum of Cross Objections)

Team Taxcharcha