Form 16

Modified on Wed, 09 Aug 2023 at 10:53 AM

Form 16 is a document issued by an employer to an employee in India, which provides details of the employee's income and tax deducted at source (TDS) during the financial year. While earlier, it did not require a declaration of crypto assets; it does now. Crypto investors will have to report their income from VDAs or Virtual Digital Assets.

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