Pranav Pagaria, SVP, Finance & Strategy at CoinDCX said, “In most cases, a tax notice is simply issued as part of the Income Tax Department’s process of reconciling the TDS deducted under Section 194S with the income reported in an investor’s return. This is why it is essential for investors to maintain accurate records, including transaction histories, TDS certificates, and gain or loss statements. We advise investors to respond to any such communication promptly, transparently, and with adequate supporting documentation.”
