India city Mumbai coindcx Zebpay Cryptocurrency exchanges India city Mumbai

Cryptocurrency exchanges want clarity on TDS liability if they move operations overseas

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economictimes.indiatimes.com

Mumbai: Some cryptocurrency exchanges that have either moved or are looking to move out of India have reached out to their tax advisors to figure out if they are required to still comply with the 1% TDS regulation.

Many tax experts have said that if an exchange sets up an office outside the country, the taxman may find it tough to collect the 1% tax on transactions.

Read more on economictimes.indiatimes.com
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