The Lok Sabha passed the Promotion and Regulation of Online Gaming Bill 2025, banning online money games. For FY25, online gaming income is taxed at 30% under Sections 115BBJ and 194BA. Losses can be adjusted against income, and TDS must be reported in ITR.
ITR Filing: Online gaming income? Here's how to report income tax returns for FY25
livemint.com - 21 Aug 2025 16:32
The Lok Sabha passed the Promotion and Regulation of Online Gaming Bill 2025, banning online money games. For FY25, online gaming income is taxed at 30% under Sections 115BBJ and 194BA. Losses can be adjusted against income, and TDS must be reported in ITR.
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