Income Tax Bill 2025: Taxation of cryptocurrencies, winnings of online games to be cleared

Income Tax Bill 2025: Taxation of cryptocurrencies, winnings of online games to be cleared

The Centre is all set to introduce the new Income Tax Bill 2025 to replace the existing Income Tax Act of 1961. This significant tax reform is aimed at streamlining the complex tax filing process, albeit with stricter regulations, particularly concerning crypto assets and digital transactions. One of the key amendments in the bill is … Read more

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. 45 video game companies in India on Tuesday wrote to the Prime Minister’s Office and to the … Read more