Cryptocurrency Taxation Update: Government Eyes TDS/TCS On Trading
In the next Union Budget 2022, the government may propose taxing the sale and purchase of cryptocurrencies beyond a specific threshold via tax deducted at source (TDS)/tax collected at source (TCS), according to Aravind Srivatsan, tax leader and partner at Nangia Andersen LLP. He proposed placing them in the definition of a “specified transaction” to … Read more