WorkIndex/Crypto TDS Refund Process Excess Deduction 194s
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Crypto TDS Refund Process Excess Deduction 194s
India-specific preparation guide

Crypto TDS Refund Process Excess Deduction 194s needs current-law checks, portal verification, documents and a precise brief before you compare experts on the WorkIndex work index.

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Last fact-checked: 2026-07-01
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CRYPTOCURRENCY, NFT & VDA TAX COMPLIANCE (50 pages)

What this page helps you decide

Crypto TDS Refund Process Excess Deduction 194s is best handled after identifying the exact scope, period, applicable portal and documents. Use this page to prepare a sharper expert brief instead of relying on generic summaries.

  • Confirm entity type, paid-up capital, turnover, board history, shareholder approvals and due dates before starting the MCA workflow.
  • Check DSC status, director KYC, DIN details, company master data and form availability on MCA V3.
  • Separate routine annual compliance from event-based filings such as share issue, director change, charge, closure or strike-off.
  • Ask for a filing calendar, form list, attachments, certification requirement and proof of filing.
Fact check

Accuracy notes before you act

  • Wallet-to-wallet transfers between accounts owned by the same individual are not taxable events, but they require strict cost basis tracking for subsequent sales.
  • Peer-to-peer (P2P) crypto buyers have a statutory obligation u/s 194S to deduct 1% TDS on transactions exceeding ₹10,000 (or ₹50,000 for specified persons).
  • Losses resulting from exchange hacks or lost private keys are not deductible as business or capital losses under Section 115BBH of the Income Tax Act.
  • Crypto received as salary is taxed as a perquisite at fair market value on the date of receipt, and its subsequent sale triggers 30% tax on any further gains.
Documents

Documents and facts to keep ready

  • PAN, Aadhaar, GSTIN, CIN/LLPIN, TAN or registration details where applicable.
  • Relevant financial year, assessment year, tax year, return period, due date and notice number.
  • Books, invoices, payroll, bank statements, contracts, prior filings and portal screenshots.
  • Expected output: filing, registration, correction, advisory memo, notice response, audit report or recurring compliance.
Care points

Common mistakes to avoid

  • Starting an MCA filing before checking DSC, DIN KYC, master data, board approvals and attachments.
  • Treating annual compliance and event-based ROC filings as the same assignment.
  • Using an old due date, old section number or old form without checking the live portal.
  • Posting a vague requirement without period, entity type, city, documents and deadline.
  • Comparing quotes without clarifying government fee, professional fee and exclusions.