7 online gaming firms, dozens of players face IT dept notice for alleged tax evasion


Content Team
Image Credit: nycaccountingconsulting

As the gaming sector stays under the regulatory vigil, the income tax department has issued show cause notices to seven online gaming firms, as well as about three dozen high-value players active on those gaming platforms. The IT department has issued these notices over the past 15 days, ET reported. In all these cases, the possible tax evasion could be as much as INR 28,000 Cr.