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CRYPTO TRANSACTION 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...
- 57% of gains from cryptocurrency investment in one Indian state as Rs 293 crore TDS collected in FY25India's Income Tax Department is collecting substantial revenue from cryptocurrency transactions. Over Rs 1,100 crore in tax has been gathe...
- Crypto traders dodging TDS via Binance under I-T lensOver the past few weeks, the Indian Income Tax department has been investigating whether the 1% TDS on crypto transactions via Binance has ...
- 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...
- How to report crypto income in ITR. Can I avoid tax? All your crypto tax queries answeredCrypto taxation is a relatively new concept in India, with the Finance Act 2022 being one of the country's first laws to recognize crypto a...
- 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...
- 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...
- Exchanges struggle as crypto winter sets in following a big drop in pricesThe exchanges have seen a drastic drop in revenue and margins — by as much as 80% and 60%, respectively, compared to a few months back, acc...
- 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...
- Some transactions could be excluded from crypto taxThe finance ministry has been in talks about whether or not to exempt representations received for exemptions. However, the government has ...
- 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...
- 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...
- 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...
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