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BUDGET 2022 CRYPTO
Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...- IT dept prepares to tax 30 per cent profits made on crypto transactionsThe new tax regime of cryptocurrency will fall under section 285BA and sub section (k) of IT Act. Where under rule 114 E, persons are requi...
- Booking long term capital gains on crypto assets by March 31 may save you 10% taxThe tax rules on cryptocurrencies and other digital assets will come into effect from the new financial year, i.e., FY2022-23. However, tax...
- Time for govt to use blockchain to unblock services for citizensThe government's decision to not legalise crypto assets raises an important question: is the government wary of crypto assets in particular...
- Budget gives crypto some clarity but more importance to Digital RupeeThe government has smartly sidestepped on the legality of cryptocurrencies while showing its disinclination to support these, by levying a ...
- Budget 2022: Crypto industry celebrates breakthrough moment, but 30% tax a concernThough FM Sitharaman's announcement doesn’t make crypto legal, it does give official recognition to these digital assets, bringing much-nee...
- Budget 2022 reinstills hope in crypto community, CoinDCX, WazirX, CoinSwitch Kuber CEOs call taxation on digital assets a step forwardThe crypto community sees the decision as a step in the right direction.
- Global players cheer crypto tax as first step to nodFeel tax clarity big step towards legitimising asset class, will make fence sitters jump in
- Missing word ‘Crypto’ in law sets off alarmsBroad definition of ‘virtual digital assets’ could cover digital assets of multinationals
- Investors queue up for cryptos after tax proposalIndustry executives said the budget announcement resulted in pent-up interest among risk-averse investors as well as companies who earlier ...
- With tax at 30%, is it still logical to invest in cryptocurrencies?Finance Minister Nirmala Sitharaman announced the tax on gains arising from virtual assets at a flat rate of 30 per cent without any exempt...
- 30% tax too high but creates baseline for crypto industry: Avinash Shekhar, ZebPay“Anything which moves things from gray to white is a welcome step from the government for us and for the industry and is going to be positi...
- Budget 2022: Govt to tax cryptocurrencies at flat rate of 30%A clarity on taxation of cryptocurrencies was a long pending demand of players involved in the crypto industry
- After Eco Survey, will FM's Budget also remain silent on cryptos?Though the industry does not expect the crypto bill to be put on the table in the budget session, experts are hopeful that some cat will be...
- Budget to decide if crypto investment is business incomeInvestors would be made to calculate actual returns on their crypto assets, every time they sell it, and pay tax on that.
- Crypto startups seek clarity of operations from govt in Budget 2022They are keen for Sitharaman to acknowledge the potential of the industry and frame some clarity of operations to aid their operations and ...
- Crypto players seek clarity on taxes and regulation from Sitharaman's BudgetThe intention of the government to regularize and monitor, if not a blanket ban, crypto-investments seems clear. Currently, India has the h...
- Crypto Bill likely to miss Budget session as govt seeks time to build consensusThe government also wants to wait for the pilot launch of Reserve Bank of India's digital currency, expected in a few months.
- India’s crypto bill likely to miss budget session of ParliamentThe government wants to wait for the pilot launch of the Reserve Bank of India’s digital currency expected in a few months before introduci...
- Will Sitharaman acknowledge demands for crypto exchanges in Budget 2022?Majority of exchanges have demanded clarity about the taxation over the income earned from the crypto assets and GST rules implemented on t...
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