TDS deducted under 194 s

sir.

if tds  is deducted under sec 194 s and reflected in 26as under this section the amount reflected will have to added in total income a. how to consider this for tax purpose pl help

receipts on transfer of virtual digital assets

Replies (3)
Quick Summary
This discussion clarifies the tax treatment of TDS deducted under Section 194S on virtual digital asset transfers. The amount reflected in Form 26AS under this section must be added to your total income. You can declare these receipts under Capital Gains or Profit and Gains from Business or Profession (PGBP), depending on your usual reporting trend.

It can be declared under Capital Gains or PGBP, as per your trend.

Thank you very much sir

Most welcome.        

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