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TAX COMPLIANCE FOR CRYPTOCURRENCY
FAST-DS 2026: Have undisclosed overseas crypto assets? Know the ₹1 crore and ₹5 crore threshold rules before you discloseIf you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers – Disc...
Redefining global finance: Emergence of alternative payment infrastructureChairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, ...
Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
Crypto exchanges to collect tax residency, ID details of users under new CBDT frameworkIndia now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annuall...
House panel bats for interim crypto self-regulation under RBI/SEBI oversight, stresses investor protection normsA parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supe...
ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
India monitoring evolving crypto trading to ensure tax compliance, top tax official saysIndia is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, accordi...
Budget 2026 should address VDA tax losses as crypto gains taxed at 30%: SAM PartnerAs Budget 2026 approaches, investors in virtual digital assets are seeking relief on taxation, particularly the ability to claim losses, as...
Canada Revenue Agency (CRA) cracks down on tax audits: Are you at risk for HST, Crypto, or Foreign asset scrutiny?Canada Revenue Agency (CRA) audits are increasing, focusing on key areas like HST builder audits, foreign exchange gains, offshore assets, ...
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 ...
Nigeria cracks down on Binance, sues cryptocurrency exchange for $81.5 billion over tax evasion and economic lossesNigeria’s Federal Inland Revenue Service (FIRS) has sued Binance for $81.5 billion, alleging tax evasion and significant economic losses. T...
Binance gets Rs 722 crore GST notice, a first for crypto sectorThe notice was issued for fees collected from Indian customers trading in virtual digital assets (VDAs) on the platform, categorized under ...
Centre wants Binance to comply with PMLA rules to resume operationsThe government has rejected Binance’s plea to be allowed to resume operations in India in the interim since it is not yet ready to comply w...
ITR for crypto gains: What should investors keep in mind?All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rat...
About Cryptos, OECD gets less crypticThe Reserve Bank of India (RBI) is readying pilots ahead of the launch of its own digital currency. The scope for tax evasion could diminis...
Crypto tracking startup Binocs raises $4 million in funding led by BeenextBinocs, which is planning to launch its platform in the US, UK, South Africa, and Australia, will use the funds towards the expansion of it...
CoinTracker forays into Indian market
How Budget 2022 should tax cryptocurrencies: ViewAt present, no legislation governs, regulates, or prohibits dealing in cryptocurrencies in India. Therefore, it is not illegal to sell, pur...
Tax cloud over cryptocurrency exchanges as income tax department eyes probeIn the last week, the Directorate General of GST Intelligence (DGGI), an investigation arm of the indirect tax department, conducted search...