TDS on Crypto

India Collects Rs 158 Crores Via TDS on Crypto Transactions

India, until March 2023 for the financial year 2022–23, a total of Rs. 157.9 crore has been collected in direct tax or deducted at source (TDS) on payments made upon transfer of virtual digital assets (VDAs) and cryptocurrencies. Cryptocurrencies and other VDAs are entitled to 1% TDS, which went into

March 29, 2023 1 min read

Prominent Turkish Exchange Bitay Plans to Enter the Indian Crypto Market

Crypto Tax TDS Percent in India Rectified After Typo on Income Tax Website

Several cryptocurrency platforms and investors took to social media to debate the issue. As of July 1, 2022, a 1% TDS will be applied to virtual digital assets. Tax Deductible at Source (TDS) for virtual digital assets has been reaffirmed at 1 percent, as indicated in the Union Budget for

June 8, 2022 2 mins read