https://www.taxtmi.com/acts?id=40528 A new provision mandates TDS on payments to residents for transfer of virtual digital assets at the time of credit or payment, with a payer obligation to ensure tax is paid where consideration is wholly or partly non cash and cash is insufficient. Specified persons (limited to certain individuals/HUFs by turnover or non business status) benefit from exemption below a de minimis threshold; non application of certain higher withholding rules to specified persons is provided. Credits to suspense accounts are treated as payee credit, guidelines may be issued to resolve difficulties, and the section overrides other Chapter provisions where tax is deducted under it. en-us Tue, 01 Feb 2022 16:00:33 +0530 Fri, 04 Feb 2022 18:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40528 A new provision mandates TDS on payments to residents for transfer of virtual digital assets at the time of credit or payment, with a payer obligation to ensure tax is paid where consideration is wholly or partly non cash and cash is insufficient. Specified persons (limited to certain individuals/HUFs by turnover or non business status) benefit from exemption below a de minimis threshold; non application of certain higher withholding rules to specified persons is provided. Credits to suspense accounts are treated as payee credit, guidelines may be issued to resolve difficulties, and the section overrides other Chapter provisions where tax is deducted under it. Act-Rules Bills Tue, 01 Feb 2022 16:00:33 +0530 https://www.taxtmi.com/acts?id=40528