The 2026 income tax return (ITR) filing season has highlighted a major compliance gap among cryptocurrency investors in India. Many investors believe that once Tax Deducted at Source (TDS) has been deducted on their crypto transactions, their tax obligations are complete. However, this is not true. According to Punit Agarwal, Founder & CEO at KoinX, TDS is only an advance collection of tax under Section 194S and does not replace the requirement to file an income tax return or report crypto income.
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