Yes. TDS is deducted even if you make no profit or incur a loss.
Key difference:
Crypto Taxation
- Final tax on profits
- Taxed at 30% on gains
- Calculated while filing your Income Tax Return (ITR)
TDS
- An advance tax collected at source
- Deducted at 1% of transaction value
- Can be adjusted or claimed as a refund if excess is deducted
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