TDS (Tax Deducted At Source) Applicable On Digital Assets From Today
PUBLISHED ON: July 1, 2022 | Duration: 22 min, 37 sec
The TDS (Tax Deducted At Source) rule has come in force from today, for transactions of more than Rs 10,000. The move comes after the imposition of 30 percent flat income tax on cryptocurrencies from 1st April 2022. However, an investor would be able to claim refund of TDS levied on transactions involving losses. Recently, crypto hedge fund Three Arrows Capital fell into liquidation, and Bitcoin slipped briefly below $19,000. There are growing worries about recession and the stability of Crypto is being questioned. How to handle turbulence? A complete breakdown of TDS and markets on Coffee & Crypto.
