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...
30 Jul, 2024, 02.17 PM IST
Budget 2024: What is needed to boost the crypto market in India?The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning cryp...
22 Jul, 2024, 11.46 AM IST
Union Budget 2024: Crypto community's wishlistKey industry requests for the VDA tax regime include reducing the TDS rate under Section 194S to 0.01% from the current 1% to boost liquidi...
20 Jul, 2024, 04.06 PM IST
Indian crypto investors take illegal routes to avoid tax burdernPeer-to-peer trading through escrow services on banned crypto exchanges has increased five times during weeks of high trading volume in Mar...
18 May, 2024, 06.00 AM IST
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...
17 Jan, 2024, 05.39 PM IST
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...
28 Jul, 2023, 08.24 PM IST
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...
22 Jul, 2023, 10.49 AM IST
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...
25 Jan, 2023, 06.33 PM IST
Domestic crypto trade volume worth 32,000 crore shifted to foreign boursesGovt had introduced a 30% tax on income from transfer of virtual assets in last year’s Budget.
04 Jan, 2023, 06.00 AM IST
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...
01 Jul, 2022, 08.00 AM IST
Rate of TDS on virtual digital assets shall be 1 per cent, clarifies government"Some media reports have come to the notice of CBDT claiming that the rate of TDS on Virtual Digital Assets(VDA) has been reduced to 0.1%. ...
08 Jun, 2022, 09.09 PM IST
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...
29 Apr, 2022, 08.23 PM IST
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...
26 Apr, 2022, 12.44 AM IST
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...
02 Apr, 2022, 09.36 AM IST
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.
21 Feb, 2022, 05.58 PM IST
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 ...
21 Feb, 2022, 07.33 AM IST
Need more consultations with government to sort out operational issues: Crypto exchangesBlockchain and Crypto Assets Council wants the government to clarify which party in a crypto transaction—the crypto-exchange, the crypto-br...
09 Feb, 2022, 07.57 AM IST