technology medium Fill in the Blank

The Indian provision that imposes 1% TDS on cryptocurrency transactions is Section ________.

  1. 194S
  2. 20
  3. 27001
  4. 4.0

Answer: 194S

Section 194S imposes 1% TDS on transfer of virtual digital assets above threshold. Aims to track transactions and ensure tax compliance.

Topic Digital Currencies: Crypto Regulation
Exam Relevance Banking, SSC, UPSC
More technology Questions Back to all questions