crypto tds: cryptocurrency players brace for TDS rules starting July 1

New Delhi: Finance Minister Nirmala Sitharaman earlier this year introduced a 1 percent tax deducted at source (TDS) on any consideration for transferring virtual digital assets (VDAs), or simply putting crypto tokens and non-expendable (NFT). This was brought forward by Sitharaman when he presented the 2022-23 Union Budget in Parliament on February 1. The TDS … Read more

How rising interest rates slow down inflation

Federal Reserve Chairman Jerome Powell speaks at a news conference following a meeting of the Federal Open Market Committee May 4, 2022 in Washington, DC. Win McNamee | fake images The Fed’s main tool for fighting inflation is interest rates The Federal Reserve has a few main goals regarding the economy: promoting maximum employment, keeping … Read more