Daily Archives: July 1, 2022

TDS on Crypto Currencies

The Finance Bill of 2022 introduced a new section called 194S in the Income-Tax Act, 1961, to levy 1% TDS on any consideration paid for the transfer of Virtual Digital Assets (VDA). Simply put, when you buy any Crypto (Crypto is considered a VDA), you (or the Exchange facilitating this transaction) ...
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