Crypto Tax

Image Source : PTI Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the second part of Budget Session of Parliament, in New Delhi.  The Lok Sabha on…
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Individuals who had provided services to clients outside India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the goods and…
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NEW DELHI: In a reply to a question in Lok Sabha on Monday, the government clarified that cryptocurrency investors will not be allowed to offset gains from one cryptocurrency against…
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The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions. Currently, 18 per…
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India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX, India’s largest…
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Nithin Kamath, CEO and co-founder at Zerodha, says with tax deduction at source (TDS) at 1 per cent being implemented from July 1, crypto volumes in India will drop off the cliff. In a…
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With the Reserve Bank of India being resistant in its approach towards cryptocurrencies in 2018, to an inclusion of cryptocurrencies in the Union Budget for 2022, there is a lot to…
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The new regulation to tax virtual digital assets could create trouble for many multinationals and companies due to the broad definition of the framework that doesn’t use the word…
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The Budget announcement of taxing 'virtual digital assets' or crypto currencies will help the Income-Tax department measure the "depth" of this trade in the country, know the investors…
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Finance Minister Nirmala Sitharaman in her fourth budget speech announced that the Reserve Bank of India (RBI) will issue India’s own digital Rupee in Financial Year 2022-23. The…
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