TDS on Cryptocurrency Transactions in India: The Central Board of Direct Taxes (CBDT) today issued guidelines to remove difficulties with respect to the new Section 194S which will come into effect ...

The latest amendments in the TDS rules impact the taxation of virtual digital assets (VDA), including cryptocurrencies. As per the Finance Bill 2023, failure to pay TDS on crypto transactions or ...

The Central Board of Direct Taxes (CBDT) recently clarified that non-filers of Income Tax Return (ITR) would have to pay higher TDS in one year under Section 206AB, instead of the earlier provision of ...

Cryptocurrencies have entered mainstream conversations in India and are recognised as legitimate investments that are subject to taxes. Cryptocurrencies are treated as Alternative investment assets ...

The government on Tuesday said that it has received ₹60.46 crore in the form of taxes from entities for transactions in virtual digital assets (VDAs), including cryptocurrencies, since the ...

New Delhi, Jun 22 (PTI) The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment ...

According to the report, CBDT has issued Circular No. 14/2022 dt. Jun 28, 2022, for TDS under Section 194S on transactions other than those taking place on or through an Exchange. Earlier, the CBDT ...