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TAX ON CRYPTOCURRENCIES IN INDIA
Trump reiterates vision to make US the Crypto Capital of World. Here is what experts sayPresident Donald Trump is defending the cryptocurrency and prediction market industries. He is opposing state-led efforts to restrict these...- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
- US prediction market players make a play for Indian IPL fansIndian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player st...
- India monitoring evolving crypto trading to ensure tax compliance, top tax official saysIndia is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, accordi...
- 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...
- Payments received in cryptocurrencies set to face GST complicationsMany individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clien...
- Crypto tax: Even coins brought to Indian exchanges for sale in India will attract additional taxWith no clarity around crypto tax, Indian cryptocurrency exchanges may have to absorb this tax.
- India says crypto not illegal as it’s taxed just like horse racing betsThe steep tax rate on crypto could dissuade trades that have been soaring in India despite the central bank’s warnings about the risks of m...
- Govt taps experts on taxing crypto assets held by firms, family officesCompanies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of C...
- 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...
- India’s cryptocurrency platforms lack clarity on tax provisions: IndustryThe anomalies in goods and services tax (GST) calculation for cryptocurrency platforms is due to the confusion over tax applicable on diffe...
- Crypto exchange WazirX dodged Rs 40.5 crore in tax, says GST departmentLate on Thursday evening, the tax department recovered Rs 49.2 crore from the company – the GST owed plus interest and penalties.
- Investing in cryptocurrencies? Know the tax implications"It seems hesitation about crypto culture is receding at a steady pace in India. People are finding great opportunities with great returns ...
- Overseas crypto exchanges may face 18% additional GST in IndiaOverseas cryptocurrency exchanges that have a customer base in India may have to pay additional tax in the form of goods and services tax (...
- Hold crypto assets? Here's how you are going to pay income-tax on itIndia’s tax authorities have not yet categorized returns from cryptocurrencies under any specific bracket and there have been no judicial p...
- Tax us more but don’t ban us, cryptocurrency exchanges tell govtExperts say that the GST on cryptocurrency exchanges and income tax levied on investors’ returns could substantially wipe out returns and p...
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