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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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Who is responsible for the deduction of tax under section 194S where the buyer and seller of VDA know each other in an over-the-counter (OTC) deal? |
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Response : Where the buyer and seller of virtual digital asset know each other in an over-the-counter (OTC) deal, the buyer shall deduct tax at source under section 194S. |
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