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VDA TDS SECTION
Unaccounted income invested in virtual digital assets on CBDT radarSuch entities and individuals which are engaged in Virtual Digital Asset (VDA) transactions and have failed to comply with the Income-tax A...
Unaccounted income invested in Virtual Digital Assets on CBDT radarThe CBDT is actively investigating tax evasion and money laundering related to cryptocurrency investments by high-risk individuals. Many in...
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...
Budget 2024: Why crypto F&O investors are happy - No STT, no TDS, no 30% taxBudget 2024: Crypto future and options investors are happy because the budget did not impose any TDS, STT and neither section 115BBH (30% t...
What is the Indian crypto industry expecting from Budget 2024? Here's the wishlistIndustry experts are looking forward to potential reforms in the upcoming budget to address critical challenges faced by the cryptocurrency...
No penal interest on TDS for crypto investors who failed to file the TDS return by May 31, 2023: CBDTVirtual digital assets tax: Purchaser of virtual digital assets (VDA) like Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Algorand (Algo), Sh...
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...
How to report income from cryptocurrencies, NFTs, Virtual Digital Assets (VDA) in ITR formVirtual Digital Assets (VDA) like Bitcoin (BTC), or other cyptocurrencies, non-fungible tokens (NFT), metaverse tokens, other similar asset...
How TDS on crypto and virtual digital assets will work from todayThe Central Board of Direct Taxes has issued a circular explaining the guidelines about how TDS will work on crypto, virtual digital assets...
TDS on crypto, virtual digital asset is not applicable in these situationsEffective from July 1, 2022, TDS will be applicable at the time of transfer of virtual digital assets, crypto and NFTs. The TDS will be app...
TDS on crypto, VDAs: CBDT issues new circular on peer to peer transactionsThe Central Board of Direct Taxes (CBDT) has issued a further circular clarifying how TDS on virtual digital assets (VDA) and crypto will w...
Crypto players gear up for TDS rules from July 1However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarifications on various issues as the Financ...
CBDT: Buyer to Deduct Tax in P2P Virtual Asset Exchange"In a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) i...
CBDT notifies TDS disclosure requirements for cryptos, virtual digital assetsFrom July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyon...
Employers may have to pay 30% tax on crypto offered to employees as compensation“Norms are being worked out… These will be issued soon,” a government official said. ET had earlier reported that credit card rewards point...
Non-ITR filers will face higher TDSAccording to the circular, if the ITR was not filed for the relevant previous fiscal year and the aggregate TDS and tax collected at source...
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...