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

CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19

Team Taxcharcha

CBDT issues guidelines for selection of returns for complete scrutiny of returns for FY 2022-23

Team Taxcharcha

Notification No. 01/2019-Union Territory tax(rate), dt. 29-01-2019 – Seeks to rescind notification No. 8/2017-Union Territory Tax (Rate) dated 28.06.2017 in view of bringing into effect the amendments (regarding RCM on supplies by unregistered persons) in the GST Acts

Team Taxcharcha