List of Flash News about CoinDCX TDS
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2025-09-09 09:44 |
CoinDCX August 2025 TDS Surges 38.15% to ₹27.7 Cr, Implies ₹2,770 Cr+ India Crypto Trading Under 1% Section 194S
According to @smtgpt, CoinDCX paid ₹27.7 crore in TDS to the Indian government for August, up 38.15% versus July 2025; source: @smtgpt on X, Sep 9, 2025. Under India’s Section 194S, crypto transfers incur 1% TDS, so this outflow implies at least ₹2,770 crore of TDS-eligible consideration processed in August; source: Government of India Finance Act 2022 and CBDT Circular No. 13/2022. Based on the disclosed growth rate, July TDS is approximately ₹20.05 crore, providing a month-over-month gauge of on-platform taxable turnover; source: @smtgpt on X, Sep 9, 2025, and CBDT Circular No. 13/2022. The company also states it remains one of India’s most compliant crypto platforms, highlighting regulatory alignment relevant for traders operating under India’s 1% TDS regime; source: @smtgpt on X, Sep 9, 2025. |