GUIDELINES FOR REMOVAL OF DIFFICULTIES UNDER SUB-SECTION (3) OF SECTION 194BA OF THE INCOME-TAX ACT, 1961
Finance Act 2023 inserted a new section 194BA in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1°t April 2023. The new section mandates a person, who is responsible for paying to any person any income by way of winnings from any online game during the financial year to deduct …