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VDA TRANSACTIONS
Indian crypto traders are moving to futures. Here's where the math actually worksWazirX Futures brings direct INR access, the lowest fees in the domestic market, and built-in risk guardrails to a segment that has quietly...- What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
- Understanding India's evolving crypto discourseIndia is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax ...
- Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
- New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...
- Virtual Digital Assets: Income Tax of Rs 705 cr paid in FY23, FY24The Indian government collected Rs 705 crore in taxes from Virtual Digital Asset (VDA) transactions during FY23 and FY24. The Income Tax de...
- 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...
- Crypto or virtual assets not regulated in India: MoS FinanceHowever, to ensure oversight from an anti-money laundering and countering the financing of terrorism (AML/CFT) perspective, the Financial I...
- 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...
- Navigating VDA Regulations in India: Charting a Path to InnovationIndia's evolving relationship with virtual digital assets (VDA) calls for a clear regulatory framework to foster innovation, protect invest...
- 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...
- Budget 2024: Finding the sweet spot for VDA taxThe Indian government introduced taxation on VDAs during the Union Budget 2022. It brought much-needed clarity to investors and the industr...
- 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...
- FIU suggests rules to track on virtual digital asset dealsService providers to spot beneficial owners of wallets, monitor PEPs, receipts of Rs 10 L or more by NGOs
- 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...
- 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...
- 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...
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