government may consider levying tds tcs on cryptocurrency trading
What is TDS and TCS in the context of cryptocurrency trading? TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are the two methods used by the government to collect taxes on transactions. TDS is a type of tax deducted at the time of making a payment, while TCS is collected by the seller while making a sale. Why is the government considering levying TDS/TCS on cryptocurrency trading? The government is considering levying TDS/TCS on cryptocurrency trading…