Cryptocurrency Q&A
Why is TDS charged?
Why is TDS charged?
EthereumElite
Fri Nov 01 2024
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7 answers
1291
I would like to understand the reason behind charging TDS. What is the purpose of this deduction and why is it applied in certain transactions? I'm seeking clarification on the background and rationale for TDS charges.
7 answers
PearlWhisper
Sun Nov 03 2024
These credits can be utilized to offset the actual tax liability when filing the annual Income Tax Return (ITR).
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alexander_clark_designer
Sun Nov 03 2024
The payee is entitled to receive credits for TDS payments.
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CherryBlossomFalling
Sat Nov 02 2024
It simplifies the tax filing process by reducing the amount of tax that needs to be paid during the year-end.
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CryptoTitan
Sat Nov 02 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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Andrea
Sat Nov 02 2024
TDS serves as a mechanism to minimize the potential for tax evasion on the part of the income recipient.
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