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Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk

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[ad_1] Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,811 crore) in prospective investments, a letter showed. India last week announced the tax on the funds … Read more

Government Directs Online Gaming Companies to Deduct Tax at Source if Players Claim Their Winnings

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[ad_1] Online gaming companies will be required to deduct taxes at source if players claim their net winnings, including bonuses or incentives, according to guidelines issued by the Central Board of Direct Taxes. However, bonuses or incentives will not be taxed if they are not claimed or withdrawn, the agency said. Net winnings will be … Read more