I think according to the article that's what Bitget is trying to obtain. It's good that these platforms take compliance seriously & are been transparent about it ahah . What's TDS.?
TDS is Tax Deducted at Source, which means every trade regardless of the currency a trader will pay a tax of 1% while making the trade. So, if a trader makes 10 trades in a session then for every trade 1% will charged as tax which is a big amount.
You need to ensure that you do not keep your cryptos in the wallet of any centralised exchanges. Because you never know when the rule is going to be changed. Also a lot of time Indian banks main freeze your account if they find any crypto related transactions.
Are the banks still freezing accounts for cryptocurrency transactions or are you referring to scammer trail causing the bank account to freeze? I am only reading the bank account freeze is happening because of P2P scams.
Also when you are dealing with an Indian crypto exchange, please ensure that you keep all data with you so that you can report it to your income tax filing. If you fail to disclose the transactions, you might have to face additional hassles.
All Indian exchanges have been providing transaction data and TDS certificates. The TDS certificate is sent in June or July by every Indian exchange to the registered email address. Transaction data can be download in excel format from the exchange which then can be use to file ITR.