Will 30% tax on cryptocurrency see a reduction in Budget 2026? Here’s what experts think on income tax, TDS and loss set-off rules on VDAsIndia's crypto community eagerly awaits Budget 2026. Investors and experts hope for a fairer tax regime for Virtual Digital Assets. Current...
30 Jan, 2026, 11.20 AM IST
Crypto market expects regulatory clarity and tax rationalisation from Budget 2026Ahead of Budget 2026, India’s crypto industry is seeking regulatory clarity and tax rationalisation, especially relief from the 1% TDS and ...
17 Jan, 2026, 12.37 PM IST
Explained: CBDT targets unaccounted income invested in cryptoThe aim is to curb tax evasion and the laundering of unaccounted funds. The CBDT has identified some "high-risk persons" who are investing ...
14 Jun, 2025, 01.01 PM IST
Budget 2025: Can India’s VDA Tax and regulatory reforms contribute to the nation’s economic growth?India is on the verge of becoming a global leader in Virtual Digital Assets but faces challenges due to high taxation, pushing traders to o...
31 Jan, 2025, 10.40 AM IST
Union Budget 2025: The perfect moment to explore the VDA opportunityThe global cryptoasset landscape in 2025 is undergoing transformative change. Bullish sentiments are on the rise, fueled by surging adoptio...
26 Jan, 2025, 02.56 PM IST
Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of EVs, which has...
15 Jan, 2025, 11.41 AM IST
Navigating VDA Regulations in India: Charting a Path to InnovationIndia's evolving relationship with virtual digital assets (VDA) calls for a clear regulatory framework to foster innovation, protect invest...
12 Jan, 2025, 12.07 PM IST
The impact of India's 1% TDS on Virtual Digital Assets: A call for reformIndia's 1% TDS and 30% tax on VDAs led to a 97% trading volume drop, 81% user decline, and migration to offshore exchanges. NALSAR and Meya...
10 Jul, 2024, 01.26 PM IST
TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it?TDS rate on crypto: in Budget 2022, the government brought out rules on how capital gains from different virtual digital assets such as cry...
19 Jan, 2024, 10.38 AM IST
India's crypto taxation framework: How does it fare globally?While India has made significant steps to standardise taxation, a high rate of TDS has caused a flight of volumes and users to platforms in...
04 Oct, 2023, 10.38 AM IST
Tax filing for crypto investors: All you need to knowVDA transactions, including sales, are subject to a 30% capital gains tax in India. A capital loss in one VDA can’t be offset against profi...
31 Jul, 2023, 10.15 PM IST
View: Cryptic tax rules for cryptosThe transactions pertaining to income from transfer of virtual digital assets is required to be disclosed under the Schedule VDA in the ITR...
30 Jul, 2023, 09.41 PM IST
Tax on gifts: Documents that you should have while filing ITRGifting is often used to transfer property or money within the family or to relatives by way of will or inheritance. As per the amendment a...
15 Jun, 2023, 11.57 AM IST
Crypto tax planning for NRIs: Strategies to maximize tax savingsWhen selling cryptocurrency, only the cost of acquisition can be deducted from the selling price to calculate gains. Other expenses like mi...
21 Apr, 2023, 01.53 PM IST
Crypto taxation in India: What NRIs needs to knowIndia has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought unde...
16 Apr, 2023, 12.10 PM IST
FinMin proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxationThe 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and...
24 Mar, 2022, 08.47 PM IST
Crypto mining cost not to be allowed as deduction under I-T Act: FinMinThe 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and...
21 Mar, 2022, 05.51 PM IST