ITR filing, Aug. 21 -- As the government moves to ban online money-based games in India, with both houses of the parliament passing the 'Promotion and Regulation of Online Gaming Bill 2025', any income or loss generated from such games in FY25 must be adjusted while filing income tax returns.

Any income generated through online gaming is treated as 'Income from Other Sources' when filing income tax returns. Sections 115BBJ and 194BA of the Income-tax Act apply to income earned on different gaming platforms.

Under Section 115BBJ, income tax on net winnings for the previous fiscal year is levied at 30 per cent. Section 194BA, on the other hand, deals with tax deducted at source (TDS) on net gains credited to the taxpayer's gaming account ...