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CRYPTO TDS
Understanding India's evolving crypto discourseIndia is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax ...- Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...
- 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 ...
- 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...
- ETMarkets Smart Talk | ‘India at crypto inflection point; investor base could double every 2–3 years’: Vikaas M Sachdeva of BitDelta IndiaIndia's crypto ecosystem is at a pivotal turning point with accelerating adoption across retail and institutional segments. Driven by Gen Z...
- Budget 2024: Why crypto F&O investors are happy - No STT, no TDS, no 30% taxBudget 2024: Crypto future and options investors are happy because the budget did not impose any TDS, STT and neither section 115BBH (30% t...
- Crypto Tax: What investors need to knowFor a taxpayer, there are new schedules to be filled. Regular crypto traders with multiple transactions could find it all a bit overwhelmin...
- India should consider reducing TDS rate on cryptocurrency trade: reportThe 'Impact Assessment of 1 per cent TDS on VDAs' report by Chase India and Indus Law said the crypto platforms/exchanges must also perform...
- Bitbns introduces tax shield to 'avoid' TDS on SIP investments in cryptosThe initiative aims to remove the taxation burden from the investors, encouraging them to undertake systematic investment plans (SIP) to le...
- Crypto volumes take a hit after new tax rules; what's the road ahead?The new tax rules require crypto investors to pay tax at 30% (the highest tax bracket) on profits from the sale of crypto and NFTs.
- TDS on crypto, virtual digital asset is not applicable in these situationsEffective from July 1, 2022, TDS will be applicable at the time of transfer of virtual digital assets, crypto and NFTs. The TDS will be app...
- Crypto players gear up for TDS rules from July 1However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarifications on various issues as the Financ...
- What is 1% TDS on crypto trade and how will it impact you?While the industry players see this move as one of the most controversial provisions over the crypto taxations, the government believes tha...
- 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...
- The 1% tax that has India’s crypto industry predicting chaosCrypto-exchange executives, lawyers and tax analysts warn that the TDS will suck liquidity out of the market by forcing high-frequency trad...
- ETMarkets Conclave: Crucial aspects of taxation and crypto in IndiaMiloni Bhat, Editor of Digital broadcast at ET along with Anoush Bhasin, and Meyappan, uncovered and unwinded some crucial aspects of taxat...
- Crypto players want FinMin to relook proposed 1% TDSTop crypto players are taking up the demand with the ministry through the Blockchain and Crypto Assets Council (BACC), which is part of the...
- Crypto industry asks Centre to rethink on proposed TDSThe industry also urged the government to reconsider the decision to levy a tax of 30% on current market value when crypto assets are gifte...
- Govt weighs set-off of fiscal's crypto loss against profitsWhile a crypto trader may never have the latitude his counterpart in the share market enjoys, tax authorities will examine the possibility ...
- TDS on cryptocurrencies to drive volumes off the cliff: Nithin KamathIn a series of tweets, Kamath compared 1 per cent TDS on all crypto trades to tax collected at source (TCS) of 0.1 per cent on Gold. "I ass...
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