How do I claim a TDS refund?
Updated
Starting July 1, 2022, a 1% deduction known as TDS (Tax Deducted at Source) will be applied to the proceeds of every crypto asset sale transaction. This deduction will be managed by the exchange on behalf of the seller and remitted to the government. In the event that the TDS deducted exceeds the actual income tax owed during the filing of Income Tax Returns (ITR) for the fiscal year, any excess amount may be reimbursed.
For further clarification on this new regulation, we recommend consulting with your Chartered Accountant (CA) or an IT expert who can provide tailored guidance. Alternatively, you can access detailed information on the TDS filing process by visiting the Income Tax India website and navigating to the "File TDS Return" section
