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Rohit Yadav-

As per revised Income Tax regulations, all sell transactions of

crypto assets and NFTs will be subject to 1% TDS from July 1, 2022. This TDS is levied by the Income Tax Department of India and may be claimed from the government during income tax filings.
Where will the 1% TDS be applicable?
👉 Buy Orders - No TDS applicable
👉 Sell Orders - 1% TDS applicable on total order value

#cryptocurrency #english #wazirx
0

14 ответов

23 просмотра
Rocky Vs γʞɔoЯ-

What about transfer to other wallets

0
22.06.2022
Abhay-

This is nonsense

0
22.06.2022
Rohit Yadav- Автор вопроса
Abhay
This is nonsense

Then talk me on 1st july

0
22.06.2022
Abhay-
Rohit Yadav
Then talk me on 1st july

I am saying that the law is nonsense. Whats the reason for charging someone on selling. Its actually a nonsensical rule

0
22.06.2022
Rohit Yadav- Автор вопроса
Abhay
I am saying that the law is nonsense. Whats the re...

You may claimed it when you fill itr at the end of the year

0
22.06.2022
Sarai-Medini
Abhay
I am saying that the law is nonsense. Whats the re...

The tax should be imposed only on the profits made

0
22.06.2022
Abhay-
Rohit Yadav
You may claimed it when you fill itr at the end of...

Yes i Know, but why is it there in the first place. Do we really need it? Taxing on profits makes sense.

0
22.06.2022
Abhishek-
Abhay
Yes i Know, but why is it there in the first place...

It is there to discourage you from crypto trading

0
22.06.2022
Abhay-
Abhishek
It is there to discourage you from crypto trading

Yes thats what i was waiting to hear.

0
22.06.2022
Rocky Vs γʞɔoЯ-

That is on profit not on transfer

0
22.06.2022
Rohit Yadav- Автор вопроса
Rocky Vs γʞɔoЯ
That is on profit not on transfer

This is because people may transfer their asset to other wallet and sell their asset . In avoid to such situations there is 30% tax

0
22.06.2022
Abhishek-
Rohit Yadav
This is because people may transfer their asset to...

I wonder if this is applicable to wazirx to binance transfer or vice versa

0
22.06.2022

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