Explained | What is the crypto awareness campaign?

The crypto dilemma stems from concerns about the unregulated currency having a destabilising effect on the country.  | Photo Credit: Getty Images/iStockphoto The story so far: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on […]

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Gaming firms evaded ₹22,936 crore GST from April 2019-November 2022: Centre

Pankaj Choudhary, MOS Finance. File. | Photo Credit: Kamal Narang The estimated evasion of the Goods and Services Tax (GST) by some gaming companies, including online platforms, which was under investigation by the Central Board of Indirect Taxes and Customs formations, was about ₹22,936 crore from April 2019 to November 2022, according to the government. […]

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Online gaming: Lens on winners to pay taxes, update ITRs

Tax authorities on both the direct and indirect tax side are raising scrutiny for possible evasion in one major upcoming sector — online gaming. Direct tax officials are learnt to be scrutinising data for winnings to the tune of Rs 58,000 crore over a span of three years for an online gaming platform, urging taxpayers […]

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Kerala considering legislative amendment to curb online gambling: CM Vijayan

Kerala Chief Minister Pinarayi Vijayan said that the Government, taking cognisance of the serious situation arising out of addictive online gambling Kerala Chief Minister Pinarayi Vijayan said that the Government, taking cognisance of the serious situation arising out of addictive online gambling The Government is considering bringing in a foolproof and effective legislative amendment, subject […]

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Games giant’s pitch for global talent: ‘Embrace your inner geek’

Jenova Chen needed money to put his latest game out in China. It was 2016, right after Tencent Holdings Ltd. made a splash by taking over Clash of Clans studio Supercell Oy, and Chen was counting on the newly acquisitive internet giant.But when Tencent passed, calling his novel mix of stylized designs and free-play too […]

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