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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)TDS on payment for the transfer of Virtual Digital Assets (VDAs) This

Income Tax - Frequently Asked Questions (FAQs)

TDS on payment for the transfer of Virtual Digital Assets (VDAs)

What is the threshold limit prescribed for the deduction of tax under section 194-S?

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Response : The tax shall be deducted under section 194S if the aggregate consideration payable by any person during the financial year exceeds Rs. 10,000 (Rs. 50,000 if consideration is payable by a specified person).

 

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