How to How to pay and file TDS online on virtual Digital Assets / virtual currency . TDS on payment for transfer of virtual digital asset to a resident at the rate of 1% of such sum has been proposed in Finance Bill 2022. This is effective from 1st July 2022. To make a TDS… Read More »
What is virtual digital assets , Explained Normally it is asked What is Virtual Digital Assets ? As per Section 2(47) of Income tax Act , Virtual Digital Assets defination is as follow (47A) “virtual digital asset” means— (a) any information or code or number or token (not being Indian currency or foreign currency), generated… Read More »
Section 194S Income Tax for TDS on Payment on transfer of virtual digital asset. Section 194S Income Tax for TDS on Payment on transfer of virtual digital asset is Inserted by the Finance Act, 2022, w.e.f. 1-7-2022. Summary of Section 194S Income Tax Section 194S of the Income Tax Act of India deals with the deduction of… Read More »