1% TDS to be deducted from the overall transaction value - transaction value. Let’s say if the sell order price is INR 1500, we will deduct {1500 - (transaction fee) - 1%} as TDS from the user and the user gets (1500 - 3.6 -14.964 ) in his account. The fee rate is 0.24%, another deduction of 0.24% of 1500 i.e. INR 3.6 as fees, so the user gets back (1500 – 3.6 - 14.964) = INR 1481.436 in his/her account.
Where is 1% TDS applicable?
Buy Order – No TDS is applicable (If buy any crypto with INR Pair, then TDS is not applicable)
Sell Order – 1% TDS is applicable (If sell any crypto with INR Pair then 1% TDS is applicable)
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