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CRYPTOCURRENCY TDS
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...
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...
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...
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...
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...
I-T Dept collects over Rs 1,260 cr in TDS from online gamingAbout ₹1,080 crore in taxes (under the tax deduction at source head) has been collected from online gaming and around Rs 180 crore through ...
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...
ETtech Budget Watch: Rationalised tax regime tops gaming, cryptos’ budget askeGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS.
Crypto investors seek clarity on reporting assets in I-T returnsHaving shifted the coins offshore using the Blockchain network to avoid stifling regulations, they have sensed that sharing the information...
CBDT notifies TDS disclosure requirements for cryptos, virtual digital assetsFrom July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyon...
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...
Cryptocurrency exchanges want clarity on TDS liability if they move operations overseasMany tax experts have said that if an exchange sets up an office outside the country, the taxman may find it tough to collect the 1% tax on...
Decentralised finance under taxman’s lens: Government set to levy additional taxesThe government is looking to levy 20% TDS on these transactions, especially when one of the persons who has entered the contract has not su...
Cryptocurrency exchanges under stress as liquidity providers take a step back due to TDSTill March, liquidity providers helped exchanges with float or the difference between buying and selling price for concluding a transaction.
FAQ on taxation of crypto, virtual digital assets in worksThe DEA, Revenue Department and the Reserve Bank are working to ensure that the taxation aspect is clear both for field tax offices as well...
ICAI working on research paper on cryptocurrenciesICAI President Debashis Mitra on Tuesday said the institute is working on a research paper on cryptocurrencies, which is expected to be rea...
Crypto platforms introduce new products as investors explore ways to save taxThe budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets.
Platforms ready products to make crypto less taxingThe Budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets. The govt has not ...
Crypto tax: Even coins brought to Indian exchanges for sale in India will attract additional taxWith no clarity around crypto tax, Indian cryptocurrency exchanges may have to absorb this tax.
Budget 2022 levies 30% tax and TDS on cryptocurrency assetsTDS will be imposed on payments for the transfer of crypto assets at a rate of 1% for transactions over a certain threshold. Furthermore, g...