https://www.taxtmi.com/manuals?id=1923 Any person paying consideration to a resident for transfer of a virtual digital asset must deduct tax at source; responsibility depends on transaction type (OTC buyer, exchange, broker, buyer, or contractual allocation). The withholding rate is one percent for resident payees, with higher rates where PAN is not furnished or return-filing conditions apply. Deduction is at credit or payment, whichever is earlier, including intra-day trades and credits to suspense accounts. Payers must ensure tax is paid before releasing consideration paid wholly or partly in kind. Prescribed remittance, statement and certificate forms and due dates apply; failures attract interest, penalties and potential prosecution. en-us Wed, 18 Jan 2023 17:49:00 +0530 Tue, 17 Jun 2025 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1923 Any person paying consideration to a resident for transfer of a virtual digital asset must deduct tax at source; responsibility depends on transaction type (OTC buyer, exchange, broker, buyer, or contractual allocation). The withholding rate is one percent for resident payees, with higher rates where PAN is not furnished or return-filing conditions apply. Deduction is at credit or payment, whichever is earlier, including intra-day trades and credits to suspense accounts. Payers must ensure tax is paid before releasing consideration paid wholly or partly in kind. Prescribed remittance, statement and certificate forms and due dates apply; failures attract interest, penalties and potential prosecution. Manuals Income Tax Wed, 18 Jan 2023 17:49:00 +0530 https://www.taxtmi.com/manuals?id=1923