I deposited inr. Want to buy coin which is only

No, Please note - For those withdrawing crypto to international exchanges, most of these exchanges do not have a TDS framework in place. Also, many of them have no visibility over the user's real identity or the scale of transactions. Thus, putting the onus of deducting TDS on the individual, which is nearly impossible. As per section 194S of Income Tax Act, it is mandatory for the buyer (whether a resident of India or not) to deduct 1% (5% in some cases) of the amount paid to the Indian seller for transactions more than Rs.10,000.The Central board of direct taxes, in a notice dated June '22, mandates a person who is responsible for paying any resident any sum by way of consideration for transfer of crypto to deduct an amount equal to 1% of such sum as income tax thereon.The tax deduction is required to be made at the time of credit of the sum to the account of the resident or at the time of payment whichever is earlier. WazirX has a framework for complying with the TDS as per government notification. We request the users not to panic and take the right decision. it's better to pay Advance tax to avoid interest u/s 234A/B/C Thank you for your support, Team WazirX

0

11 месяцев назад

Rose

Aditya
Do I need to pay tds in advance now?

🟢 hi! If you need help related to the WazirX app or website, kindly visit our Support section, and you'll find relevant articles. 🗞️ 🟡 If you still face any issues, WazirX Chat Support is available 24*7 on the bottom right corner of the support page. 🙋 🔴 Official support is not provided on Telegram. In case, someone sends you a PM first, report and block them. 💯 🚨Note:🚨 WazirX have no direct email ID for resolving the issues. Please use chat option only.

0

11 месяцев назад

Rose · Accepted Answer

Rose

Hi! We would like to inform you that the TDS has been deposited from our end. Kindly wait for a few days & you will be able to see the credit entries in your form 26AS soon. We seek your kind patience & cooperation in the interim. Thanks!

0

11 месяцев назад

209 похожих чатов

I deposited inr. Want to buy coin which is only

6 ответов

Похожие вопросы