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
Income tax on crypto currency: How did budget 2025 impact the taxation on virtual digital assets?Budget 2025: Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they continu...
10 Feb, 2025, 10.39 AM IST
Union Budget 2024: Crypto community's wishlistKey industry requests for the VDA tax regime include reducing the TDS rate under Section 194S to 0.01% from the current 1% to boost liquidi...
20 Jul, 2024, 04.06 PM IST
ITR for crypto gains: What should investors keep in mind?All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rat...
11 Jul, 2023, 03.00 PM IST
India should consider reducing TDS rate on cryptocurrency trade: reportThe 'Impact Assessment of 1 per cent TDS on VDAs' report by Chase India and Indus Law said the crypto platforms/exchanges must also perform...
25 Jan, 2023, 06.33 PM IST
ETtech Budget Watch: Rationalised tax regime tops gaming, cryptos’ budget askeGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS.
17 Jan, 2023, 06.00 AM IST
3 income tax changes effective from July 1The income tax laws that apply to various individuals will see a few new changes in July. Here are three significant changes to income tax ...
01 Jul, 2022, 05.28 PM IST
Officers committee suggests deferment of decision on levying GST on cryptoThe committee of officers comprising both from Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on ...
23 Jun, 2022, 10.58 PM IST
Govt working on classification of cryptocurrency under GST lawGST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28 per c...
20 Mar, 2022, 01.33 PM IST
Crypto platforms introduce new products as investors explore ways to save taxThe budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets.
21 Feb, 2022, 05.58 PM IST
Platforms ready products to make crypto less taxingThe Budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets. The govt has not ...
21 Feb, 2022, 07.33 AM IST
FM Sitharaman says taxing cryptos doesn't mean it has been legalisedThe finance minister has spoken out at a time when the cryptocurrency tax is geeting a mixed reaction with some pointing towards the fact t...
12 Feb, 2022, 07.05 AM IST
Budget gives crypto some clarity but more importance to Digital RupeeThe government has smartly sidestepped on the legality of cryptocurrencies while showing its disinclination to support these, by levying a ...
05 Feb, 2022, 11.35 AM IST
Next year's I-T return to have separate column for crypto income: Revenue SecyThe government will from April 1 charge a 30 per cent tax plus cess and surcharges, on such transactions in the same manner as it treats wi...
02 Feb, 2022, 05.10 PM IST
Budget 2022: Govt to tax cryptocurrencies at flat rate of 30%A clarity on taxation of cryptocurrencies was a long pending demand of players involved in the crypto industry
01 Feb, 2022, 06.36 PM IST
How Budget 2022 should tax cryptocurrencies: ViewAt present, no legislation governs, regulates, or prohibits dealing in cryptocurrencies in India. Therefore, it is not illegal to sell, pur...
17 Jan, 2022, 02.00 PM IST
Budget could consider levying TDS/TCS on crypto trading, make it reportable in SFTThe 'Cryptocurrency and Regulation of Official Digital Currency Bill' is now expected to be introduced in the Budget session of Parliament ...
16 Jan, 2022, 02.41 PM IST