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VDA CALCULATION
Ban on privacy tokens: How to navigate exchange delistingIndia's crypto exchanges are delisting privacy tokens like Zcash and Dash following new AML/CFT rules. This forces investors to rebalance p...
Taxman sets out to draw up a crypto codeNot only are crypto gains taxed at the income tax rate of 30% (unlike the lower capital gains tax on stock profits), VDA traders can't offs...
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...
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...
ITR filing FY24: Have income from cryptocurrencies, NFTs, virtual digital assets? How to show it in ITR formITR filing: The Income-tax Act has established a fixed tax rate for the taxation of income from virtual digital assets (VDAs) such as crypt...
Mudrex partners with ClearTax to simplify crypto tax filingThrough this partnership, investors and traders using Mudrex will gain access to ClearTax's comprehensive suite of tax reporting tools.
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...
Offshore crackdown may bring crypto party homeThe move may lead to a resurgence in Indian exchanges, they said, as many investors who had shifted to trading on global exchanges to save ...
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...
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...
Will you be taxed on Diwali gifts received? Check how various sources of gifts will be taxedHave you received high-value gifts this Diwali from your friends and relatives. It may happen that you end up paying tax on Diwali gifts re...
Solving the complexities of computation in crypto taxationUnlike the conventional financial markets of equities, crypto investors trade across 8-10 main crypto exchanges that are registered in Indi...
Has govt gone too far by slapping a 1% TDS on transfers of virtual digital assets?A back-of-the-envelope calculations suggest that a trader will be left with 60 per cent of their initial capital after TDS on 50 trades. Th...
Crypto industry in wait and watch mode after clarification from govtMarket players believe that these stringent and ultra-strict rules will add more speed breakers to the already bumpy ride of the crypto ind...
Fear and despair echoes in crypto industry after govt refuses to allow offsetting lossesThe Minister of State for Finance in Lok Sabha on Monday said, “As per the provisions of the proposed section 115BBH to the Income-tax Act ...
Cannot offset losses from one crypto against gains from another, clarifies govtIn the recent budget, the government proposed to tax gains at the rate of 30 per cent but there was still some confusion on how gains and l...
Minimum wages of private security agency employees fixedAssam government after consultation with the Minimum Wages Advisory board has fixed the minimum rate of wages payable to the employees of '...