List of Flash News about Section 194S
| Time | Details |
|---|---|
| 07:29 |
India Crypto TDS Surges 41% in FY 2024-25 to INR 511.83 Crore, Implies INR 51,183 Crore in Taxable Turnover
According to @simplykashif, India’s crypto TDS collections rose 41% year over year to INR 511.83 crore in FY 2024-25 from INR 362.70 crore in the prior year (source: @simplykashif on X, Dec 26, 2025). Because Section 194S of the Income-tax Act mandates a 1% TDS on consideration for virtual digital asset transfers, the reported collections imply roughly INR 51,183 crore in taxable crypto transaction value for FY 2024-25 versus about INR 36,270 crore a year earlier (source: Government of India Finance Act 2022, Section 194S; source: @simplykashif on X, Dec 26, 2025). For traders, the increase indicates a larger onshore, reportable trading footprint on compliant Indian platforms that deduct TDS under CBDT guidance, a useful input when assessing INR-quoted market activity and exchange participation (source: CBDT guidelines on Section 194S; source: @simplykashif on X, Dec 26, 2025). |