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India’s 1% TDS on Crypto Transfers Yields $19 Million in 9 Months

Indian tax authorities collected Rs 158 crore (approx. $19 million) in TDS on the transfer of virtual digital assets (VDA) till March 20, Minister of State for Finance Pankaj Chaudhary told the Parliament on Tuesday. 

Given that the financial year ended on March 31, it can be taken as the final figure for the entire 2022-23 fiscal.

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