The IT department wants the winners of online games to use the updated income tax returns (ITR-U) scheme. To disclose their incomes and pay taxes with applicable interest. Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said that players associated with just one gaming portal have been found to have won Rs 58,000 crore. The gross gaming winning amount is chargeable at 30% tax without any rebate or deduction. Gupta added the CBDT was in the process of issuing a clarification on the applicability. Section 194R of the Income Tax Act 0.1 million ITR-Us have been filed by taxpayers. After the scheme was introduced in the 2022 Budget.
