The 1% TDS (Tax Deducted at Source) applies when you sell any crypto holdings, not at the time of setting up or contributing to your SIP. Therefore, when your SIP amount is automatically invested each month, there is no TDS deduction. 

However, if you choose to sell your accumulated SIP holdings, SunCrypto will deduct 1% TDS as per the government’s crypto tax regime. 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared,  if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at help@suncrypto.in.