{"id":3838,"date":"2023-05-22T06:02:37","date_gmt":"2023-05-22T06:02:37","guid":{"rendered":"https:\/\/www.puzuvirily.com\/?p=3838"},"modified":"2023-05-22T06:02:39","modified_gmt":"2023-05-22T06:02:39","slug":"tds-tcs-on-cryptocurrency-trading","status":"publish","type":"post","link":"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/","title":{"rendered":"TDS &amp; TCS on Cryptocurrency Trading: RajkotUpdates.News"},"content":{"rendered":"\n<p>When the world is in chaos, the only thing that can save it is the mysterious power of the TDS. Follow the adventures of a group of brave heroes as they search for the ancient relic and battle against the forces of evil. Along the way, they&#8217;ll discover secrets, make allies, and uncover the truth behind the mysterious power of the TDS. Join them on their quest to save the world!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#What_is_TDS\" title=\"What is TDS?\">What is TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Benefits_of_TDS\" title=\"Benefits of TDS\">Benefits of TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#How_to_Calculate_TDS\" title=\"How to Calculate TDS\">How to Calculate TDS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Rates\" title=\"TDS Rates\">TDS Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Payment_Procedure\" title=\"TDS Payment Procedure\">TDS Payment Procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Return_Filing\" title=\"TDS Return Filing\">TDS Return Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Deduction_Rules\" title=\"TDS Deduction Rules\">TDS Deduction Rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Exemptions\" title=\"TDS Exemptions\">TDS Exemptions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Penalties\" title=\"TDS Penalties\">TDS Penalties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Refunds\" title=\"TDS Refunds\">TDS Refunds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_Certificates\" title=\"TDS Certificates\">TDS Certificates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#TDS_FAQs\" title=\"TDS FAQs\">TDS FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_is_TDS\" title=\"Q: What is TDS?\">Q: What is TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_are_the_benefits_of_TDS\" title=\"Q: What are the benefits of TDS?\">Q: What are the benefits of TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_How_to_calculate_TDS\" title=\"Q: How to calculate TDS?\">Q: How to calculate TDS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_are_the_TDS_rates\" title=\"Q: What are the TDS rates?\">Q: What are the TDS rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_is_the_TDS_payment_procedure\" title=\"Q: What is the TDS payment procedure?\">Q: What is the TDS payment procedure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_are_the_TDS_deduction_rules\" title=\"Q: What are the TDS deduction rules?\">Q: What are the TDS deduction rules?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_are_the_TDS_exemptions\" title=\"Q: What are the TDS exemptions?\">Q: What are the TDS exemptions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_are_the_TDS_penalties\" title=\"Q: What are the TDS penalties?\">Q: What are the TDS penalties?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_How_to_claim_a_TDS_refund\" title=\"Q: How to claim a TDS refund?\">Q: How to claim a TDS refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.puzuvirily.com\/tds-tcs-on-cryptocurrency-trading\/#Q_What_is_a_TDS_certificate\" title=\"Q: What is a TDS certificate?\">Q: What is a TDS certificate?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_TDS\"><\/span>What is TDS?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TDS stands for Tax Deducted at Source. It is a system of taxation in India, wherein the tax is deducted at the source of income. It is a form of direct tax, which is collected by the government from the source of income. TDS is applicable to all types of income, including salary, interest, rent, commission, etc. The government has set certain TDS rates for different types of income, which are applicable to all taxpayers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_TDS\"><\/span>Benefits of TDS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TDS is beneficial for both the government and the taxpayers. For the government, it helps in collecting taxes from the source of income, which helps in increasing the government\u2019s revenue. For the taxpayers, it helps in reducing their tax liability, as the tax is deducted at the source itself. It also helps in reducing the paperwork, as the tax is already deducted from the source.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Calculate_TDS\"><\/span>How to Calculate TDS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The calculation of TDS is based on the income of the taxpayer. The TDS rate applicable to the taxpayer\u2019s income is determined by the government. The TDS rate is usually a percentage of the income, and it varies depending on the type of income. The taxpayer can calculate the TDS amount by multiplying the TDS rate with the income.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.puzuvirily.com\/the-ultimate-guide-to-seo-how-to-rank-higher-in-search-engines\/\">The Ultimate Guide to SEO: How to Rank Higher in Search Engines<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Rates\"><\/span>TDS Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The TDS rates are set by the government, and they vary depending on the type of income. For example, the TDS rate for salary income is 10%, while the TDS rate for interest income is 20%. The TDS rate for rent income is 30%, and the TDS rate for commission income is 40%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Payment_Procedure\"><\/span>TDS Payment Procedure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The TDS payment procedure is simple and straightforward. The taxpayer has to submit the TDS amount to the government through the designated bank. The taxpayer can also make the payment online, through the designated website. The taxpayer has to provide the necessary details, such as the PAN number, the TDS amount, and the bank account details.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Return_Filing\"><\/span>TDS Return Filing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The taxpayer has to file a TDS return with the government, in order to declare the TDS amount paid. The taxpayer has to provide the necessary details, such as the PAN number, the TDS amount, and the bank account details. The taxpayer has to submit the TDS return within the specified time period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Deduction_Rules\"><\/span>TDS Deduction Rules<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The government has set certain rules and regulations for the deduction of TDS. The taxpayer has to deduct the TDS amount from the source of income, and deposit it with the government. The taxpayer has to provide the necessary details, such as the PAN number, the TDS amount, and the bank account details.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Exemptions\"><\/span>TDS Exemptions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The government has set certain exemptions for the deduction of TDS. The taxpayer can avail these exemptions, if they meet the specified criteria. The exemptions are applicable to certain types of income, such as agricultural income, interest income, and rent income.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.glaadblog.org\/ministry-bans-fake-youtube-channels-that-mislead-users\/\" target=\"_blank\" rel=\"noopener\">Ministry Bans Fake YouTube Channels That Mislead Users: RajkotUpdates.news Coverage<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Penalties\"><\/span>TDS Penalties<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The government has set certain penalties for the non-payment of TDS. The taxpayer has to pay the penalty, if they fail to pay the TDS amount within the specified time period. The penalty amount is usually a percentage of the TDS amount.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Refunds\"><\/span>TDS Refunds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The taxpayer can claim a refund of the TDS amount, if they have paid more than the required amount. The taxpayer has to submit the necessary documents, such as the PAN number, the TDS amount, and the bank account details. The refund amount is usually credited to the taxpayer\u2019s bank account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Certificates\"><\/span>TDS Certificates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The taxpayer has to obtain a TDS certificate from the government, in order to claim a refund of the TDS amount. The certificate contains the details of the TDS amount paid, and it is issued by the government. The taxpayer has to submit the certificate to the bank, in order to claim the refund.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_FAQs\"><\/span>TDS FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_TDS\"><\/span>Q: What is TDS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: TDS stands for Tax Deducted at Source. It is a system of taxation in India, wherein the tax is deducted at the source of income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_benefits_of_TDS\"><\/span>Q: What are the benefits of TDS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The benefits of TDS include reducing the tax liability of the taxpayer, reducing paperwork, and increasing the government\u2019s revenue.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_to_calculate_TDS\"><\/span>Q: How to calculate TDS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The calculation of TDS is based on the income of the taxpayer. The TDS rate applicable to the taxpayer\u2019s income is determined by the government. The TDS rate is usually a percentage of the income, and it varies depending on the type of income. The taxpayer can calculate the TDS amount by multiplying the TDS rate with the income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_TDS_rates\"><\/span>Q: What are the TDS rates?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The TDS rates are set by the government, and they vary depending on the type of income. For example, the TDS rate for salary income is 10%, while the TDS rate for interest income is 20%. The TDS rate for rent income is 30%, and the TDS rate for commission income is 40%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_TDS_payment_procedure\"><\/span>Q: What is the TDS payment procedure?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The TDS payment procedure is simple and straightforward. The taxpayer has to submit the TDS amount to the government through the designated bank. The taxpayer can also make the payment online, through the designated website. The taxpayer has to provide the necessary details, such as the PAN number, the TDS amount, and the bank account details.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_TDS_deduction_rules\"><\/span>Q: What are the TDS deduction rules?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The government has set certain rules and regulations for the deduction of TDS. The taxpayer has to deduct the TDS amount from the source of income, and deposit it with the government. The taxpayer has to provide the necessary details, such as the PAN number, the TDS amount, and the bank account details.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_TDS_exemptions\"><\/span>Q: What are the TDS exemptions?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The government has set certain exemptions for the deduction of TDS. The taxpayer can avail these exemptions, if they meet the specified criteria. The exemptions are applicable to certain types of income, such as agricultural income, interest income, and rent income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_TDS_penalties\"><\/span>Q: What are the TDS penalties?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The government has set certain penalties for the non-payment of TDS. The taxpayer has to pay the penalty, if they fail to pay the TDS amount within the specified time period. The penalty amount is usually a percentage of the TDS amount.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_to_claim_a_TDS_refund\"><\/span>Q: How to claim a TDS refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The taxpayer can claim a refund of the TDS amount, if they have paid more than the required amount. The taxpayer has to submit the necessary documents, such as the PAN number, the TDS amount, and the bank account details. The refund amount is usually credited to the taxpayer\u2019s bank account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_a_TDS_certificate\"><\/span>Q: What is a TDS certificate?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The taxpayer has to obtain a TDS certificate from the government, in order to claim a refund of the TDS amount. The certificate contains the details of the TDS amount paid, and it is issued by the government. The taxpayer has to submit the certificate to the bank, in order to claim the refund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the world is in chaos, the only thing that can save it is the mysterious power of the TDS.&hellip;<\/p>\n","protected":false},"author":2,"featured_media":3839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[59],"class_list":["post-3838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rajkotupdates-news-government-may-consider-levying-tds-tcs-on-cryptocurrency-trading"],"_links":{"self":[{"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/posts\/3838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/comments?post=3838"}],"version-history":[{"count":1,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/posts\/3838\/revisions"}],"predecessor-version":[{"id":3840,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/posts\/3838\/revisions\/3840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/media\/3839"}],"wp:attachment":[{"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/media?parent=3838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/categories?post=3838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.puzuvirily.com\/wp-json\/wp\/v2\/tags?post=3838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}