As per government rules, TDS may apply to certain crypto transactions.
However, currently on Mudrex, 1% TDS is deducted only at the time of Bank Withdrawals.
Buying crypto with INR: No TDS is deducted
Bank Withdrawals: 1% TDS is deducted
Crypto-to-crypto trades: No TDS is deducted on Mudrex
Crypto withdrawals: TDS is not currently deducted on Mudrex
TDS is deducted on the transaction value, not on profits.
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