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Tag: real money gaming

Online gaming platforms: the risk of a fantasy

Posted on November 2, 2023 By admin
Online gaming platforms: the risk of a fantasy

Somnath Zende, 39, a police sub-inspector (PSI) in Pimpri-Chinchwad, Pune’s largest satellite city, says he trains at the gym for two hours, before work begins at 9 a.m. To build his body, he spends ₹600 daily on protein shakes and other supplements, besides his expenditure on the gym membership. About three months ago, as chatter…

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Nation

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

Posted on July 26, 2023 By admin
Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. | Photo Credit: Special Arrangement As many as 45 video game companies in India on July 26,…

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Business

Budget 2023 | Real money gaming industry welcomes TDS clarification

Posted on February 1, 2023 By admin
Budget 2023 | Real money gaming industry welcomes TDS clarification

Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto The real money gaming industry — which runs games where users can stake money for winnings on apps — welcomed the Union Budget’s clarification on Tax Deducted at Source (TDS) for money won on their platforms. These platforms, referred to as “online gaming” by the…

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