https://www.taxtmi.com/acts?id=40682 Any payer of consideration for transfer of a virtual digital asset must deduct tax at source at the time of credit or payment; where consideration is in kind or cash is insufficient, the payer must ensure tax is paid before release. Exemptions apply for transfers below prescribed low-value thresholds for specified persons and others. Credits to suspense or similar accounts are treated as payee credit for deduction purposes. Where other withholding provisions also apply, this provision prevails. The Board may issue binding guidelines, subject to Central Government approval, to resolve implementation difficulties. en-us Mon, 28 Mar 2022 14:22:54 +0530 Mon, 28 Mar 2022 14:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40682 Any payer of consideration for transfer of a virtual digital asset must deduct tax at source at the time of credit or payment; where consideration is in kind or cash is insufficient, the payer must ensure tax is paid before release. Exemptions apply for transfers below prescribed low-value thresholds for specified persons and others. Credits to suspense or similar accounts are treated as payee credit for deduction purposes. Where other withholding provisions also apply, this provision prevails. The Board may issue binding guidelines, subject to Central Government approval, to resolve implementation difficulties. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 14:22:54 +0530 https://www.taxtmi.com/acts?id=40682