Fri, Jul 01, 2022
A one per cent tax deducted at source (TDS) will be applicable on the transfer of Virtual Digital Assets (VDA), starting Friday, July 1, 2022.
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Tue, Jun 28, 2022
The Central Board of Direct Taxes (CBDT) issued a new circular for TDS on Virtual Digital Assets on June 28, 2022. According to the circular, now, the buyer will have to deduct TDS on the trade of virtual digital assets outside the exchange. Zee Business report.
Thu, Jun 23, 2022
The government has issued a notification regarding the rules for levying tax deduction of 1% TDS at source on payment of Virtual Digital Assets or cryptocurrencies of more than Rs 10,000 in a year from July 1. For this, the Finance Act 2022 has introduced section 194S in the IT Act.
Wed, Jun 22, 2022
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 will have to be specified
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