Indian Crypto Players Have A New Tax Rule From Today: What You Should Know

Indian cryptocurrency players will have to comply with a government order for a 1% tax deducted at source (TDS) on all cryptocurrency and non fungible token (NFT) transactions, starting today. What Happened: The law, which the Prime Minister Narendra Modi-led government introduced during the Union Budget in February, will be effective from July 1 (Friday) for transactions of more than 10,000 rupees ($126).