1% TDS will be levied on the transfer of virtual digital assets (such as crypto and NFTs) from July 1st as stated by the finance minister Nirmala Sitharam stated in the Union budget 2022. Whereas 30 % Tax has already been imposed on crypto investors, now it will be interesting to see how 1% TDS …
1% TDS on Crypto from July 1st: Who will Deduct TDS? Read More »
Crypto tax laws have been effective from April 1st in India but its effect had started appearing the day Loksabha passes the bill. The government of India imposed a 30% Tax on the profit gained from crypto transfer (sell, exchange, and relinquishment) and 1 % TDS on every transaction related to cryptocurrency and other virtual …
Crypto Taxation Impact on Investors & Crypto Exchange Platforms Read More »
Tax on cryptocurrencies in India will be effective from April 1st as Loksabha has recently passed the Finance Bill 2022 which includes new “Crypto Tax” laws as well. These proposed taxes on virtual digital assets (VDA) will come into an effect from the beginning of the new financial year. Virtual digital assets (VDA) include private …
Crypto Tax India 2022: 30% Tax & 1% TDS on Virtual Digital Assets Read More »
