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GAINS MADE ON VDAS
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...
Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of EVs, which 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...
Budget 2024: Finding the sweet spot for VDA taxThe Indian government introduced taxation on VDAs during the Union Budget 2022. It brought much-needed clarity to investors and the industr...
What Indian crypto industry is hoping for from Budget 2024? Here's the wishlistAs the Indian crypto industry eagerly awaits the Interim Budget 2024, experts are focused on how the Central Government will shape regulati...
90% crypto trading shifted to offshore platforms on TDS: studyThe 1% TDS on virtual digital assets, introduced from July 1, 2022, has led to an exodus of users, funds and trades to offshore platforms, ...
Centre losing revenue as crypto trading moves offshoreThe 1% TDS on virtual digital assets, introduced from July 1, 2022, has led to an exodus of users, funds and trades to offshore platforms, ...
India's crypto taxation framework: How does it fare globally?While India has made significant steps to standardise taxation, a high rate of TDS has caused a flight of volumes and users to platforms in...
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...
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...
Latest ITR forms have new section for cryptocurrency income: These details will be needed when filingThe new schedule for VDA requires details like date of acquisition, date of transfer head under which income to be taxed (capital Gain), co...
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...
How to calculate tax on your crypto assets from this year?However, it did introduce a new scheme of taxation on crypto. Section 115BBH was introduced to tax all gains from the transfer of virtual d...
Volumes on crypto trading platforms decline as new tax norms come into effectVolumes across top crypto trading platforms surged on the last day of the financial year as traders squared off their positions before a ne...
View: The problems of cryptocurrency taxation and why it needs a relookWith that, the taxation regime that will be effective from tomorrow for virtual digital assets (VDAs) was proposed in this year's Union bud...
Govt to move amendments to Crypto tax rules todayFinance minister Nirmala Sitharaman will in all propose 39 changes to the Finance Bill, which will be taken up for consideration and passag...