Who is responsible for the deduction of tax under section 194S where VDAs are transferred through an Exchange and payment to the seller is made directly by the exchange?

Who is responsible for the deduction of tax under section 194S where VDAs are transferred through an Exchange and payment to the seller is made directly by the exchange? https://www.taxtmi.com/manuals?id=3316 Where transfers of Virtual Digital Assets occur through a trading platform and the platform makes payment directly to the seller, the platform bears the withholding responsibility: under section 194S the exchange is liable to deduct tax at source on the payment made to the seller. en-us Sat, 02 Dec 2023 12:26:00 +0530 Tue, 05 Dec 2023 14:16:00 +0530 TaxTMI RSS Generator Who is responsible for the deduction of tax under section 194S where VDAs are transferred through an Exchange and payment to the seller is made directly by the exchange? https://www.taxtmi.com/manuals?id=3316 Where transfers of Virtual Digital Assets occur through a trading platform and the platform makes payment directly to the seller, the platform bears the withholding responsibility: under section 194S the exchange is liable to deduct tax at source on the payment made to the seller. Manuals Income Tax Sat, 02 Dec 2023 12:26:00 +0530 https://www.taxtmi.com/manuals?id=3316