I know there is 30% Capital gains tax on crypto trading profits.
But is there a TDS or Tax on Defi on Binance - Crypto - (USDT Tether)... which means tax for fixed deposit type investment on Binance.com for crypto?
Wae Jing Lonthaw (Others) (345 Points)
06 February 2025I know there is 30% Capital gains tax on crypto trading profits.
But is there a TDS or Tax on Defi on Binance - Crypto - (USDT Tether)... which means tax for fixed deposit type investment on Binance.com for crypto?
Nikhil Kaushik
(Fellow CA)
(86410 Points)
Replied 06 February 2025
please refer section 194S of the Income-tax act