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USE OF VDA
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...- New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
- India is right to act on offshore crypto platforms but it must also build a fairer marketA Financial Action Task Force report backs India’s concerns that the real risk in crypto lies in offshore, non-compliant virtual asset serv...
- Will 30% tax on cryptocurrency see a reduction in Budget 2026? Here’s what experts think on income tax, TDS and loss set-off rules on VDAsIndia's crypto community eagerly awaits Budget 2026. Investors and experts hope for a fairer tax regime for Virtual Digital Assets. Current...
- Why are Indian traders flocking to crypto futures over spot deals?Crypto futures trading in India is surpassing spot deals. Traders are drawn to potential profits and lower taxes. Futures volumes now excee...
- Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics toolsThe Income Tax Department is intensifying its scrutiny of cryptocurrency transactions. They are using AI and data analytics to detect tax e...
- Crypto or virtual assets not regulated in India: MoS FinanceHowever, to ensure oversight from an anti-money laundering and countering the financing of terrorism (AML/CFT) perspective, the Financial I...
- 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...
- How political discourse influences Virtual Digital Assets regulationsPolitical discourse and public sentiment shape the regulation and adoption of digital assets (VDAs). In India, VDA was recognized in 2023 u...
- ITR filing FY24: Have income from cryptocurrencies, NFTs, virtual digital assets? How to show it in ITR formITR filing: The Income-tax Act has established a fixed tax rate for the taxation of income from virtual digital assets (VDAs) such as crypt...
- Trading in cryptos on international P2P exchanges? You run the risk of your bank account being frozenTransacting in virtual digital assets like cryptocurrency, non-fungible tokens (NFTs), others using Peer-to-Peer (P2P) mechanism carries ri...
- Tax filing for crypto investors: All you need to knowVDA transactions, including sales, are subject to a 30% capital gains tax in India. A capital loss in one VDA can’t be offset against profi...
- 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...
- Demystifying the link between VDAs and blockchainsThe true value of virtual digital assets (VDAs) lies in their fundamental role in the functioning of public blockchains, as they create inc...
- Crypto tax planning for NRIs: Strategies to maximize tax savingsWhen selling cryptocurrency, only the cost of acquisition can be deducted from the selling price to calculate gains. Other expenses like mi...
- Crypto taxation in India: What NRIs needs to knowIndia has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought unde...
- CoinSwitch holds sufficient reserves to match customer investments: Independent firm confirmsINMACS obtained individual Indian fiat currency (INR) balances with banks, payment gateways, and crypto exchanges using snapshot of web-log...
- How TDS on crypto and virtual digital assets will work from todayThe Central Board of Direct Taxes has issued a circular explaining the guidelines about how TDS will work on crypto, virtual digital assets...
- Variable DA hiked for scheduled central govt employeesThe move is expected to benefit around 1.5 crore workers in the central sphere and engaged in various scheduled employment including roads,...
- Labour ministry hikes variable dearness allowance for workers in central sphereThe rates fixed for scheduled employment in the central sphere are applicable to the establishments under the authority of the central gove...
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