The move gives some relief to tax deductors concerning cases where the PAN of deductees is found to be inoperative due to non-linkage with Aadhaar. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate The income … Read more
Last Updated: March 22, 2022, 19:00 IST At least three top executives from different crypto exchanges revealed that exchanges have discussed the Supreme Court option, but no decision has yet been made. (File) Finance minister Nirmala Sitharaman last month announced that cryptocurrencies would be subject to a 30% capital gains tax, a 1% tax deducted … Read more
Cryptocurrency exchanges had already started implementing the new TDS rules on crypto. The requirements to comply with the TDS rule for cryptocurrencies have been implemented on the crypto exchange websites, their officials said. A set of new rules regarding taxations of cryptocurrencies and Virtual Digital Assets have already come into effect from July 1 under … Read more
Crypto trading has taken a hit from July 1, after the new TDS rule was implemented. Three leading crypto exchanges in India, ZebPay, WazirX and CoinDCX, saw a plunge of 60 to 87 per cent in their value of daily trading after the TDS rule came into effect. The latest income tax rule set by … Read more
