Understanding Crypto Taxation.
05 Jun 2023, 07:28
Understanding Crypto Taxation
Section 115BBH of the Income Tax Act states that the profit earned by exchanging cryptos is subject to 30% plus 4% cess. Section 194S requires a 1% Tax Deducted at Source (TDS) exceeding ₹50,000 within the same financial year on crypto asset transfers.
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