Is TDS applicable if I transact less than 10,000 INR in a financial year?

Income tax regulations specify thresholds for TDS applicability. However, these limits apply at a user level across all exchanges.

Since Mudrex does not have visibility into transactions conducted by users on other exchanges, TDS is deducted on all applicable INR Spot sell transactions on Mudrex, irrespective of the transaction amount, to ensure regulatory compliance.