India Budget crypto tax India

Crypto players gear up for TDS rules from July 1

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economictimes.indiatimes.com

This was introduced by Sitharaman when she tabled the Union Budget 2022-23 in Parliament on February 1. The TDS rule would come in force from July 1, Friday for transactions of more than Rs 10,000.

However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarifications on various issues as the Finance Act 2022 inserted a new section 194S in the Act from the coming month.

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