Rajkotupdates.news : Government May Consider Levying TDS/TCS on Cryptocurrency Trading: The Indian government is reportedly considering the possibility of imposing a tax on cryptocurrency trading. According to reports, the government is considering levying a tax deduction at source (TDS) or tax collected at source (TCS) on cryptocurrency transactions. This move is aimed at bringing more transparency to the cryptocurrency market and preventing tax evasion. What is TDS/TCS? TDS and TCS are tax collection mechanisms used by the Indian government to collect taxes at the source of income. TDS is a…
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