India’s Crypto Exchanges See Surge in TDS Collections to ₹511.83 Crore in FY 2024-25
Tax collected at source from digital asset transactions has risen sharply over three fiscal years, reflecting increased trading activity across India.
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Terms & Concepts
TDS (Tax Deducted at Source): A tax collection method in India where a percentage is deducted from the payment at the time of transaction and remitted to the government.
Crypto Exchanges: Online platforms that facilitate the buying, selling, and trading of cryptocurrencies.