Insertion of new section 115BBJ

In force Act 8 of 2023 As on 11 Oct 2026

Act 8 of 2023 Ministry Finance Cited by 6 provisions

Section 56 of the Finance Act, 2023 deals with insertion of new section 115BBJ. Insertion of new section 115BBJ. 56. After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:— '115BBJ.

Insertion of new section 115BBJ.
56. After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:—
'115BBJ. Tax on winnings from online games.— Notwithstanding anything contained in any other provisions of this Act, where the total income of an assessee includes any income by way of winnings from any online game, the income-tax payable shall be the aggregate of—
(i) the amount of income-tax calculated on net winnings from such online games during the previous year, computed in the manner as may be prescribed, at the rate of thirty per cent; and
(ii) the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the net winnings referred to in clause (i).
Explanation.—For the purposes of this section,—
(i) "computer resource" shall have the same meaning as assigned to it in clause (e) of the Explanation to section 144B;
(ii) "internet" means the combination of computer facilities and electromagnetic transmission media, and related equipment and software, comprising the interconnected worldwide network of computer networks that transmits information based on a protocol for controlling such transmission;
(iii) "online game" means a game that is offered on the internet and is accessible by a user through a computer resource including any telecommunication device.'.
Section 56, The Finance Act, 2023 (Act 8 of 2023).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

Income-tax Act s. 115BBI Specified income of certain institutions

Referred to by 6

Questions about Section 56

What does Section 56 of the Finance Act deal with?

Section 56 of the Finance Act is headed "Insertion of new section 115BBJ". Insertion of new section 115BBJ. 56. After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:— '115BBJ.

How do I find court cases under Section 56 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2023 56, section 56 Finance Act 2023, section 56 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 56 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 115BBI (Specified income of certain institutions), so none of them can safely be read on its own. 6 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2023 as Act 8 of 2023. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. First Schedule10190 words
2. Income-tax8337 words
Fourth Schedule. Fourth Schedule6615 words
5. Amendment of section 102717 words
150. Substitution of new section for section 1101621 words
54. Insertion of new section 115BAE1218 words

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(i)		the amount of income-tax calculated on net winnings from such online games during the previous year, computed in the manner as may be prescribed, at the rate of thirty per cent; and
(ii)		the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the net winnings referred to in clause (i).

(i)		"computer resource" shall have the same meaning as assigned to it in clause (e) of the Explanation to section 144B;
(ii)		"internet" means the combination of computer facilities and electromagnetic transmission media, and related equipment and software, comprising the interconnected worldwide network of computer networks that transmits information based on a protocol for controlling such transmission;
(iii)		"online game" means a game that is offered on the internet and is accessible by a user through a computer resource including any telecommunication device.'.