Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter) vide Notification No. 73/2022- Income Tax Dated 30th June, 2022.
NOW THE QUESTION ARISES REGARDING 194S
Any person (Resident or Non-resident), who is responsible for paying to any resident, any sum by way of consideration for transfer of virtual digital assets (VDA) to deduct tax at source (TDS) at a rate of 1%.
http://cacmacsyouth.com/wp-content/uploads/2022/07/notification-no-73-2022.pdf