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VDA TAX LOSSES
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...
Budget 2026 should address VDA tax losses as crypto gains taxed at 30%: SAM PartnerAs Budget 2026 approaches, investors in virtual digital assets are seeking relief on taxation, particularly the ability to claim losses, as...
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...
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...
Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics toolsThe Income Tax Department is intensifying its scrutiny of cryptocurrency transactions. They are using AI and data analytics to detect tax e...
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...
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...
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...
Budget 2024: What is needed to boost the crypto market in India?The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning cryp...
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...
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...
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...
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...
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...
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...
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...
Crypto mining infrastructure cost not treated as cost of acquisitionThe cryptocurrency industry said the decision to disallow offset between different cryptos and mining expenses is regressive and will disco...