Virtual Digital Asset transfer consideration remains exempt from tax deduction at source where the applicable payer threshold is not exceeded. Tax deduction at source on consideration for transfer of a Virtual Digital Asset is not required where aggregate consideration during the tax year remains ... Summary
Virtual Digital Asset transfer consideration remains exempt from tax deduction at source where the applicable payer threshold is not exceeded.
Tax deduction at source on consideration for transfer of a Virtual Digital Asset is not required where aggregate consideration during the tax year remains within the applicable threshold. An individual or Hindu Undivided Family payer meeting the stated turnover, gross-receipt, or no-business-income conditions may apply the Rs.50,000 threshold. All other payers may apply the Rs.10,000 threshold. Consideration exceeding the applicable threshold is ordinarily subject to tax deduction at source.
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