What are the pros and cons of India’s 1% TDS on Crypto Transfers Yields?

What are the pros and cons of India’s 1% TDS on Crypto Transfers Yields?

India’s 1% TDS on Crypto Transfers Yields? Pros And cons: India’s 1% TDS on Crypto Transfers Yields? Positives: India’s 1% TDS on Crypto Transfers Yields?: The tax is intended to bring about openness and accountability in the cryptocurrency industry in India, which is one of its primary goals. Transactions involving cryptocurrencies are easier to trace…

Is the India 1% TDS on Crypto transfer yields applicable to all cryptocurrencies?

Is the India 1% TDS on Crypto transfer yields applicable to all cryptocurrencies?

Are crypto Transfers Yields applicable to all cryptocurrencies? India 1% TDS on Crypto Transfers Yields: All cryptocurrencies are eligible for the India 1% Tax Deducted at Source (TDS) on Crypto Transfers Yields, that is correct. As well as transferring cryptocurrency from one wallet to another, the tax is applicable to any and all transactions involving…