TDS Deduction and Tracking. At Bitcoiva, we ensure a seamless tax compliance process for our users.
19 Jun 2023, 11:55
TDS Deduction and Tracking
At Bitcoiva, we ensure a seamless tax compliance process for our users. When you execute a trade on our platform, we take care of the Tax Deducted at Source (TDS) deduction on your behalf. The deducted TDS amount is transferred to the Income Tax Department as Indian Rupees (INR).
TDS is applicable in the following scenarios:
Selling in the INR/Crypto market.
Buying or selling in the Crypto/Crypto market.
Selling in the Peer-to-Peer (P2P) market.
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#INR #tds #cryptotaxinindia #cryptomarket