TDS on virtual digital assets: buyer must deduct tax at source under section 194S in OTC deals. The operative rule requires the buyer to effect tax deduction at source under section 194S on payment for the transfer of a virtual digital asset in over ... Summary
TDS on virtual digital assets: buyer must deduct tax at source under section 194S in OTC deals.
The operative rule requires the buyer to effect tax deduction at source under section 194S on payment for the transfer of a virtual digital asset in over the counter dealings where the buyer and seller know each other, placing primary withholding responsibility and compliance obligations on the purchasing party.
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