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RE: People are getting back to Indian exchanges after FIU notice

in LeoFinance • last year

The 1% TDS deduction is already taking care of the income tax. They deduct the TDS section under some head which is related to crypto so the individual has to go and pay the rest 29% taxes anyways.

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         last year (edited)

        I thought 1% was separate and apart from that there was a 30% was separate because not all activities are trading activities but withdrawal too.

        Edit: Oh wait you are right. Even withdrawal is a trading activity. So you may be right.

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               last year 

              yes, I paid 1% as TDS and rest 29% during the advance tax phase.

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                     last year 

                    Oh okay 👍

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