A resident sells a virtual digital asset for cash consideration of ₹7,20,000 in tax year 2026–27. No withholding exception applies. What is the TDS on the stated consideration under section 393(1)…

Section 393(1), Table item 8(vi), of the Income-tax Act, 2025 requires the payer to deduct 1% of consideration paid to a resident for the transfer of a virtual digital asset, so 1% of ₹7,20,000 is ₹7,200. ₹72,000 would be a 10% rate and ₹14,400 a 2% rate, neither of which applies to virtual digital assets.