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How is residential status determined for taxation by Income Tax Department in India?

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Transcripts for BBCNEWS World Business Report 20240604 13:37:00

Very likely that they will be able to succeed in an appeal.- very likely that they will be able to succeed in an appeal. thank you very much- and staying with games. the indian government has decided to impose a 28% tax on online gaming. experts say it poses an existential threat to the booming industry and could spell its death knell . shares of indian online gaming platforms and casinos have crashed following the decision by the gst council (goods and services tax council). our india business correspondent nikhil inamdar explains. one of the industry associations that i spoke with said that the impact would be catastrophic because earlier the goods and services tax was only charged on platform commissions. but now with these new amendments, if they go through, it would be charged on the entire face value of the gaming transaction or the bet, and that will take the overall tax incidence up to about 50% according to industry estimates. ....

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