Direct tax deducted at source from transfer of Virtual digital Assets
The Direct tax collected by way of tax deducted at source under section 194S of the Income-tax Act, 1961
The Minister stated that Crypto assets are currently unregulated in the country, however, transactions in cryptocurrencies are subjected to provisions of various laws like the Prevention of Money Laundering Act, 2002 and Income-Tax Act, 1961.
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