I-T Dept collects over Rs 1,260 cr in TDS from on-line gaming

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New Delhi: The federal government has collected about Rs 1,260 crore in taxes until now this fiscal after a brand new TDS regime was introduced in for on-line gaming and commerce in cryptocurrency, CBDT Chairperson Nitin Gupta stated Friday.

About ₹1,080 crore in taxes (beneath the tax deduction at supply head) has been collected from on-line gaming and round Rs 180 crore by way of TDS has been mopped up throughout 2023-24 fiscal from the taxation of digital digital property (cryptocurrency), he stated.

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