While the 1% TDS and 30% tax on crypto gains which took effect in 2022 threw open a seemingly lucrative business opportunity, startups which rushed to make the most of it are now back to the drawing board. Heres why.
The deadline for verification has been reduced from 120 days to 30 days. If the ITR is not verified within this period, it will be assumed that the taxpayer has not filed the ITR