Crypto Transactions in India Surpass $12 Million in TDS Collections
Cryptocurrency investors in India are on the rise, prompting the Central Board of Direct Taxes (CBDT) to collect more than 100 crore rupees (over $12 million) through a one percent Tax Deducted at Source (TDS) on crypto transactions in this fiscal year. India's government implemented a one percent direct tax on all crypto transactions from July 1, 2022...read more
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