from July 1, the tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year. New Delhi: The Central Board of ...

The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified.

The CBDT has notified TDS returns in Form 26QE and Form 26Q for specified persons and others, respectively, along with Form 16E to be issued by the deductor. The Union Budget, 2022 introduced taxation ...

Gift of VDAs is also to be taxed in the hands of the recipient. The government has collected Rs 157.9 crore as tax deducted at source on payments made from transfer of virtual digital currencies upto ...

HSBC Holdings plc HSBC has introduced its Tokenized Deposit Service (TDS) in the United States to enable faster and smoother money transfers using blockchain technology. The move represents the bank’s ...

The government introduced a TDS of 1% on payment for transfer of virtual digital asset to a resident in the Finance Act of 2022.(Reuters) New Delhi: Central Board of Direct Taxes (CBDT) has amended ...

The Finance Act, 2022, inserted a new section, 194S, in the Income Tax (I-T) Act, 1961, with effect from 1 July. This section mandates the buyer of a virtual digital asset (VDA), to ensure that tax is ...

St. George cable users who hadn't switched over to digital set-top boxes were set to see their accounts shut down on Tuesday if they didn't make the conversion, according to local cable provider TDS ...