The Indian government may be considering levying TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) on cryptocurrency trading.
This news was first reported by rajkotupdates.news, a website dedicated to providing the latest news from Rajkot, India.
The move is seen as a way to bring more accountability and transparency in the cryptocurrency trading market. It would also help the government to keep track of transactions and ensure that taxes are paid for them appropriately.
This move could have a significant impact on cryptocurrency traders in India, as it would mean that they will have to pay taxes on their profits from trading activities.
It remains to be seen how this decision will be implemented by the government.
the Indian government has been considering levying Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) on cryptocurrency trading.
This move is being seen as a way to bring more transparency and accountability to the crypto market.
As per rajkotupdates.news, this move may be implemented soon in order to ensure that taxes are paid on profits made through crypto trading. This could have a huge impact on the Indian crypto market and could lead to more regulation of the sector.
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