Laws on Online Gaming and Online Gambling in India: Future Market of India

Abstract

Online gaming has become a major source of entertainment and a growing industry worldwide. However, the taxation of online gaming remains a complex and controversial issue. This thesis examines the current state of online gaming taxation and analyzes the different tax regimes adopted by different countries. It also considers the challenges governments face in taxing online gaming and assesses the potential impact of taxes on the growth of the industry. The paper concludes with recommendations for governments on how to approach the taxation of online gaming in a way that balances the need for revenue with supporting industry growth.

This abstract provides an overview of the legal framework for online gaming in India. It examines the various laws and regulations governing online gaming in India, including the Indian Gaming Act 1976, the Information Technology Act 2000, and the Indian Penal Code. It discusses various legal issues related to online gaming, such as the legal status of online gaming, the legality of offshore gaming, the potential for criminal activity, and the taxation implications of online gaming. It also focuses on the need for a comprehensive legal framework for online gaming in India and the implications of such a framework. Finally, it makes recommendations regarding the need for stricter regulation and oversight of online gaming in India.

Keywords: online gaming, gambling