The Burden Of Deriving TDS Is Mainly On Crypto Exchanges: CBDT FAQ

NFT Metaverse Prices Follow Crypto Crash Innovations Find Grace

The Income Tax Department said on Wednesday that the 1% TDS on the transfer of virtual digital assets would be levied on the net value of the transaction and the burden of deducting the tax would fall primarily on the exchanges. The Central Board of Direct Taxes (CBDT) has published a FAQ on the provisions … Read more

The Burden Of Deriving TDS Is Mainly On Crypto Exchanges: CBDT FAQ

NFT Metaverse Prices Follow Crypto Crash Innovations Find Grace

The Income Tax Department said on Wednesday that the 1% TDS on the transfer of virtual digital assets would be levied on the net value of the transaction and the burden of deducting the tax would fall primarily on the exchanges. The Central Board of Direct Taxes (CBDT) has published a FAQ on the provisions … Read more