Zerodha's Nithin Kamath wants Nirmala Sitharaman to check this anomaly out: 'On one side Sebi is working on...'
5 months, 2 weeks ago

Zerodha's Nithin Kamath wants Nirmala Sitharaman to check this anomaly out: 'On one side Sebi is working on...'

Hindustan Times  

Zerodha co-founder Nithin Kamath pointed out an anomaly in cryptocurrency transactions which he recently spotted in an ad about a cryptocurrency F&O exchange. Nithin Kamath said the 1% TDS rule is not applicable to crypto F&O but for regular crypto transactions, 1% of the transaction amount is deducted as TDS. Zerodha co-founder Nithin Kamath is seen, He wrote in a post on X, “On one side, SEBI is working on restricting F&O, but on the other side, this crypto F&O ad is on the front page of ET. For regular crypto transactions, 1% of the transaction is deducted as TDS.” Earlier Nithin Kamath had recently commented on Sebi's new transparent pricing circular which he said could significantly impact brokers, traders and investors.

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