No penal interest on TDS for crypto investors who failed to file the TDS return by May 31, 2023: CBDT

Virtual digital assets tax: Purchaser of virtual digital assets (VDA) like Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Algorand (Algo), Shiba Inu (SHIB) etc should deduct TDS before making payment to any resident. Such TDS deducted must be reported using Form 26QE within a specified deadline. Failure to report it will attract penalties.

from Tax-Wealth-Economic Times https://ift.tt/pjNxCBo