<p>Chartered Accountants India | Cryptocurrency Taxation | NRI Taxation | USDT Arbitrage | UAE Company Incorporation | Outsource Accounting Services | 2024</p>
USDT Arbitrage means buying USDT overseas in cheap price and selling at premium in India but why premium exists on USDT Price in India? The value of USDT (Tether) is tied to the value of the US dollar, so it should theoretically be equivalent to…
Introduction Cryptocurrencies also known as Virtual Digital Assets (VDAs) in Tax lingo, have emerged as leading digital assets facilitating online transactions for goods and services. Crypto traders actively seek to maximize their gains by capitalizing on the rising values of the cryptocurrencies they invest in.
From 1st July 2022, section 194S requires a person, who is responsible for paying to any resident any sum by way of consideration for transfer of a virtual digital asset (VDA) / Crypto / Crypto Currency / USDT / etc, to deduct an amount equal…