Who is liable to TDS on transfer of a virtual digital assets under section 194-S?

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..... ource under Section 194S. The person responsible for the deduction of tax under different circumstances shall be as follows: (a) 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. (b) In case of exchange of VDAs, both payer and payee may be liable to deduct tax at source as the transfer of VDA happens f .....

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..... the buyer or his broker that in regard to all such transactions the Exchange would be paying the tax on or before the due date for that quarter. (f) Where one VDA is exchanged with another VDA through an Exchange, the primary responsibility to deduct tax is of though buyer and the seller. But, as an alternative, the Exchange may deduct tax based on a written contractual agreement with the buyer .....

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