Indian crypto exchanges witness surge despite multiple hindrances
Indian crypto exchanges witness surge despite multiple hindrances On July 1, 2022, India started a one percent tax deduction at source (TDS), and it has been in place ever since. The Finance Bill of 2022 says that when cryptocurrency is sold, 1% of the transaction value must be taken out as Tax Deducted at Source. This new part was added to the Income-Tax Act of 1961 by the Finance Bill of 2022. Its name is 194S. The cryptocurrency exchange charges…