No Relief for Crypto: Finance Ministry Upholds 1% TDS in New Income Tax Bill

Last updated: 24 July 2025

The Ministry of Finance has officially rejected a key proposal to ease the tax burden on crypto transactions, retaining the contentious 1% Tax Deducted at Source (TDS) under Section 194S of the Income Tax Act. The proposal to reduce the TDS to 0.01% and raise the transaction threshold to Rs 5 lakh w

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