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What's included & what's not as 1% TDS on virtual digital assets comes into effect?
short by Hiral Goyal / on Friday, 1 July, 2022
The rules governing the imposition of 1% TDS on the transfer of virtual digital assets (VDAs) of more than ₹10,000 has come into effect from today. All cryptocurrencies and NFTs, except tangible asset-backed NFTs, will be subject to TDS deduction. Further, the government has clarified that gift cards or vouchers, mileage points, reward points, and website subscriptions are not VDAs.
read more at Financial Express