Upcoming budget could consider levying TDS/TCS on crypto trading
Sun, Jan 16, 2022 3:36 PM

Upcoming budget could consider levying TDS/TCS on crypto trading

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In the upcoming budget, the government could consider levying TDS/TCS on the sale and purchase of cryptocurrencies above a certain threshold. Nangia Andersen LLP Tax Leader Aravind Srivatsan says such transactions should be brought within the ambit of specified transactions for the purpose of reporting to income tax authorities.

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