Technical News Office – At present, the craze for online gaming has increased a lot. Everyone from kids to adults loves playing games. For some people, playing online games is part of the fun, while for others, gaming has become a hobby as well as a way to make money. Gaming has created a different world in the technology sector and many people prefer to live in this world. However, it is worrying that online games have now become gambling somewhere. Not only have people become addicted to it, but it is also causing them harm. Noting the craze of people for the gaming sector and considering the advantages, disadvantages, challenges and policies related to online gaming, the National University of Juridical Sciences (NUJS) has prepared a report titled “Online Gaming in India: technology, policy and challenges”. The book has been launched.
This book has been edited by Prof. Dr. Shamik Sen and Prof. Dr. Lovely Dasgupta. Keeping in mind the speed with which online gaming is spreading across the world and its growing craze, a book titled ‘Online Gaming in India: Technology, Policy and Challenges’ has been prepared. of the Bombay Stock Exchange and Shri Sanjib Banerjee, retired Chief Justice of the Madras and Meghalaya High Courts, were present as the guests of honour. The panel discussion at the book launch focused on the gaming sector and its contribution to the economy.
Apart from Vikramjit Banerjee, the panel also included Solicitor General, YK Sinha, Former Chief Information Commissioner of India Dr Yatan Pal Singh Balhara, Professor of Psychiatry – AIIMS New Delhi Amrit Kiran Singh, Founder Chairman – Skill Online Games Institute Sudipta Bhattacharya, Partner – Khaitan & Co. Arjya B Majumdar, Professor – Jindal Global Law School and Jai Saita, Technology and Gaming Lawyer. There was a lot of discussion about online gaming during the roundtable.
Contribution of the gaming sector to the Indian economy?
Shri Amrit Kiran Singh said that gaming is a new industry which has good prospects for the Indian economy. The online gaming sector could be a growth sector. This industry is divided into e-sports, video games, real money games and free games, etc. Online gaming can contribute to the Indian economy. The rules and challenges associated with this new industry are written in the book, which may change your outlook on the game.
Are online games really gambling?
During the round table, are online games gambling? This was also discussed in which it was said that some platforms have transformed it from entertainment to gambling. Games like PUBG, Free Fire or Rummy become a part of gaming for people when you start investing money in them. Taxes are also imposed on this by the government.
Is it fair or not to tax income?
Involves payment of TDS to win Rs 100 or more from games. If you receive a bonus or any other type of incentive from online gaming, this is also called a taxable amount. If you earn Rs 200 by investing Rs 150 then you will not have to pay any tax, but if you earn Rs 250 by investing Rs 150 then you will have to pay 28% of the winning amount. If the player has to pay so much profit that he did not earn from investing, then it is not fair to impose taxes, but if a huge income comes and it comes directly to the player’s account from the game app, then there is no tax. harm the imposition of tax on it as it is a source of revenue for players which can be part of the contribution to the Indian economy.
