How to deduct 1% TDS when trading cryptocurrency, Bitcoin, Ether, and other tokens

1% TDS is deducted from any Indian resident who transmits their virtual digital assets (VDA). However, CBDT exempted some of the TDS. For example, TDS will not be reduced if it is considered. ₹50,000 for a certain person in the fiscal year – an individual or a Hindu undivided family (HUF) for those who have … Read more

Crypto Industry Government urges TDS to reduce profits from crypto business

The crypto industry has been urged by the government to reduce TDS to a target of 0.01 or 0.05 percent of the planned revenue, which it said would hurt retailers. CoinDCX CEO and co-founder Summit Gupta says 30 percent of Crypto Currency is taxable and should be reduced. “We are in contact with the government … Read more