TDS (Tax Deducted At Source) On Digital Currencies Explained

The TDS rule has come in force from today, July 1, for transactions of more than Rs 10,000. The move comes after the imposition of 30 percent flat income tax on cryptocurrencies from 1st April 2022. However, an investor would be able to claim refund of TDS levied on transactions involving losses. To solve all TDS related queries, we have Sachin Jolly, Partner, DMD Advocates & Tax lawyer, on this week's episode of Coffee & Crypto.