https://www.taxtmi.com/acts?id=40767 Payers of consideration for transfer of a virtual digital asset must deduct tax at source equal to one per cent at the time of credit to the payee's account or at payment; where consideration is wholly or partly non-cash, payers must ensure required tax is paid before releasing consideration. Credits to suspense accounts are deemed credits to the payee. Exemptions apply for small-value transfers depending on whether the payer qualifies as a specified person, and binding guidelines may be issued to resolve implementation difficulties. en-us Tue, 29 Mar 2022 14:47:50 +0530 Thu, 28 Aug 2025 16:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40767 Payers of consideration for transfer of a virtual digital asset must deduct tax at source equal to one per cent at the time of credit to the payee's account or at payment; where consideration is wholly or partly non-cash, payers must ensure required tax is paid before releasing consideration. Credits to suspense accounts are deemed credits to the payee. Exemptions apply for small-value transfers depending on whether the payer qualifies as a specified person, and binding guidelines may be issued to resolve implementation difficulties. Act-Rules Income Tax Tue, 29 Mar 2022 14:47:50 +0530 https://www.taxtmi.com/acts?id=40767