@taskmaster4450le's thread

Currently, KUcoin is the only Financial Intelligence Unit registered foreign exchange that began deducting TDS in March 2024 through a local entity. However, its contribution to overall offshore trading volumes by Indian users remains below 5%.

If the current trend persists, the report warned that uncollected TDS from offshore crypto trading could surpass ₹17,700 crore (approximately $2.1 billion) over the next five years.