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Income Tax - Frequently Asked Questions (FAQs) |
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TDS on payment for the transfer of Virtual Digital Assets (VDAs) |
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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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