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How Proposed 1% TDS On Crypto Transactions Will Work

India with nearly 1.4 billion people is one of the world's fastest-growing markets for crypto trading
India with nearly 1.4 billion people is one of the world's fastest-growing markets for crypto trading
The Lok Sabha today approved the Finance Bill, which gives effect to new taxation on transactions involving digital assets. The bill proposes a 30 per cent tax on capital gains out of virtual digital assets. Once passed into law, a 1 per cent TDS would also be imposed on every such transaction.  
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