India's tax authorities have identified significant amounts of uncollected Tax Deducted at Source (TDS) from offshore Virtual Digital Asset trading activities. The findings underscore growing regulatory attention toward cryptocurrency transactions and the enforcement of tax compliance measures on cross-border VDA trading. As offshore platforms continue to facilitate high-volume trading in digital assets, tax collection mechanisms are being tightened to ensure proper reporting and withholding obligations are met. This development reflects broader global trends in cryptocurrency taxation and suggests stricter oversight of international trading flows involving Indian investors.

VDA-23,95%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
NFT_Therapyvip
· 12h ago
Indian tax authorities are starting to audit TDS again. Offshore traders, you'd better prepare your documents...
View OriginalReply0
ContractSurrendervip
· 12h ago
India is starting to audit taxes again; the TDS on overseas transactions can't be avoided anymore.
View OriginalReply0
GasGoblinvip
· 12h ago
They're at it again, cracking down on taxes. This time, they're targeting Indian people's on-chain transactions. Ridiculous.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)