Update 🤑

5. Would 1% TDS be deducted if users deposit/ withdraw money (INR) to/from an exchange?

No TDS will be deducted in both cases.

If you deposit INR, there will be no TDS.

If you withdraw INR, there will be no TDS.

If you deposit crypto, there will be no TDS.

If you withdraw crypto, there will be no TDS.

If you buy crypto with INR there will be no TDS.

TDS applies only to a seller when there is a trade.

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