Do I have to pay tax on the referral earned through exchanges?
Updated
Earning Referral Income on Exchanges and Taxes
When you earn referral income from exchanges, the tax you owe will be based on your regular tax slab instead of the standard 30% crypto provision. However, if you opt to sell the crypto earned through referrals, a 1% Tax Deducted at Source (TDS) will apply to the total value of the sell transaction.
For example, if you earned 1000 SHIB tokens through a referral and later decide to sell them, a 1% TDS will be levied on the total value of the sell transaction.
