Cryptocurrency

court clarifies that payment aggregators will fall under the category of a payment system

Central Board of Direct Taxes (CBDT) issues guidelines for deduction of TDS on virtual digital assets

The Central Board of Direct Taxes (CBDT), vide Circular No. 13 of 2022 (titled ‘Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income Tax Act, 1961’) has issued Guidelines (including FAQs) for Tax Deduction at Source (TDS) of Virtual Digital Assets (VDAs) on June 22, 2022. The Ministry of Finance, …

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