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TAXATION OF NFT IN INDIA
What is NFT under Income-tax Act and how they are taxedThe Government of India amended the Income-tax Act, 1961, to tax and regulated the incomes and profits under from various virtual digital a...
Rario set to reopen with own blockchainRario raised $120 million led by Dream Capital, the corporate venture capital and M&A arm of Dream Sports, in April this year. The strategi...
Definition of non-fungible tokens as per CBDT: Here's what is not taxed as NFTsEffective from FY 2022-23, gains from virtual digital assets, cryptos and non-fungible tokens or usually known as NFTs (that will be notifi...
How crypto investors are living with 30% taxYour gain is my gain, but your loss is not my loss: This is perhaps the feeling among many Indian crypto investors about the government's s...
As NFT prices drop, taxman could come knockingThe tax department is sure to question the sharp drop in the valuation of these virtual digital assets, tax experts said. The department wo...
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...
Dream Capital in talks to lead $100 million funding in NFT platform RarioIf the deal goes through, it would be one of the largest investments in the NFT sector in India and Dream Capital's maiden bet in the Web3 ...
Crypto movement at a glance: Regulatory buzz ruled the recovery, Web3 dominatesAfter much back and forth, the Russian government and its central bank have decided to regulate and recognize cryptocurrencies.
Crypto tax may hurt social cos with reward points, in-app buysGoing ahead, social media giants such as Meta or dating apps like Gleeden or even gaming apps could face a 1% tax deducted at source as the...
Digital tax fine but what about crypto money laundering via Dark Web?Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web.
Can India be next hub for cryptos, NFTs? Here's what experts sayIn the light of recent developments at home and across the globe, there are voices that India is poised to emerge as a global hub for crypt...
30% tax on income from digital assets: All you need to knowThis implies that if you are holding cryptocurrencies, then income derived from such an investment will be taxed at 30 percent. Any profits...
Here's how crypto exchanges are reading FM's 30% taxation announcementThe Finance Minister announced taxation on gains arising from the sale of virtual assets at a flat rate of 30 per cent in her Budget speech...
Crypto startups seek clarity of operations from govt in Budget 2022They are keen for Sitharaman to acknowledge the potential of the industry and frame some clarity of operations to aid their operations and ...
Top cryptocurrency prices today: Bitcoin extends loss; Cardano, Terra drops 4%Bitcoin, which turned 13 today, is celebrating its birthday on a dull note as the cryptocurrency has dropped about 8 per cent in the last o...
The best of ETtech Unwrapped in 2021Grab that cuppa and settle in as we look back at the best explainers, investigations and analyses that Unwrapped delivered weekly to your i...
Concerns that NFTs may fall through regulatory cracks or be classified as commoditiesNFTs are built on blockchain but are separate from cryptocurrencies, should have separate regulations, say exchanges.
Will crypto bill also set a path for NFTs?Industry experts are hoping that the segment would get some clarity after the proposed cryptocurrency bill gets cleared in Parliament durin...
Govt looking to paint NFT picture in crypto billTo begin with, the government may provide a broad outline on NFTs from a regulatory point of view and throw some light on how they should b...
Double tax for NFTs: Deals may attract GST, equalisation levyThis would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation lev...