Why is my TDS rate higher than 1%?
Updated
While the standard TDS rate is 1%, higher rates may apply under the following circumstances:
A TDS rate of 20% may apply if your PAN is not linked with Aadhaar, as per applicable government guidelines. Please note that it may take a few days for Aadhaar-PAN linking updates to reflect in government records.
Important Notes
TDS is a government-mandated tax and is not a fee charged by CoinDCX.
The deducted TDS amount is deposited with the Government of India against your PAN.
You may adjust or claim a refund of excess TDS while filing your Income Tax Return (ITR), subject to applicable tax regulations.
For tax-related guidance specific to your situation, please consult a Chartered Accountant (CA) or tax advisor.
