Bitcoin Heist: ED's statewide search includes house of Cong MLA’s sonsThe Enforcement Directorate (ED) searched multiple premises in Karnataka, including those linked to the sons of BDA chairman NA Harris, in ...
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...
Explained: CBDT targets unaccounted income invested in cryptoThe aim is to curb tax evasion and the laundering of unaccounted funds. The CBDT has identified some "high-risk persons" who are investing ...
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...
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...
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...
Information asymmetry can lead to big losses for crypto investorsA big risk for users in any marketplace is information asymmetry. It could often lead to losses for the users either squarely because of fr...
IMF-FSB synthesis paper unveils crucial policy recommendations for VDA stabilityWhile the paper outlines a comprehensive regulatory framework, it also cautions against blanket bans on all VDAs activities. Such bans, the...
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...
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...
Demystifying the link between VDAs and blockchainsThe true value of virtual digital assets (VDAs) lies in their fundamental role in the functioning of public blockchains, as they create inc...
Crypto exchanges, intermediaries need to perform KYC of clientsEntities involved in the exchange between VDAs and Fiat currencies or transfer of VDAs or safekeeping and administration of VDAs, and parti...
Budget 2023 should clarify how a non-resident's income from cryptocurrencies will be taxedBudget 2022 provided the clarification regarding how virtual digital assets (VDAs) such as crypto, non-fungible tokens etc. will be taxed f...
Unfavourable tax regime may impact growth of virtual digital assets in IndiaThe legal status of transacting in or settling dues through VDAs is unclear. Instead of clarifying its stance, the government has come up w...
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...
Reward points, e-vouchers out of crypto tax ambitGiven the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto ta...
ASCI frames guidelines for advertising & promotion of crypto assetsFocusing on the unregulated nature of VDAs, the council has prohibited the use of words such as 'currency', 'securities', 'custodian' and '...