The Central Board of Direct Taxes (CBDT) has notified Rule 133 of the I-T Rules defining the manner and procedure for deduction of the TDS. Net winnings of an online gamer would be calculated after subtracting the total deposits and opening balance in the user account from the amount withdrawn.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an