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VDA NEEDS
Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...- EU agrees to implement US trade pact after Trump threatsThe European Union has agreed to implement its part of a trade deal with the United States. This move is crucial to avoid new tariffs threa...
- 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...
- 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...
- 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...
- Taxman sets out to draw up a crypto codeNot only are crypto gains taxed at the income tax rate of 30% (unlike the lower capital gains tax on stock profits), VDA traders can't offs...
- 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...
- Navigating VDA Regulations in India: Charting a Path to InnovationIndia's evolving relationship with virtual digital assets (VDA) calls for a clear regulatory framework to foster innovation, protect invest...
- 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...
- 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...
- 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...
- 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...
- German auto industry sees limp growth in 2023With the easing of supply chain bottlenecks, the VDA said it forecast two percent growth in new car sales in Germany this year, to 2.7 mill...
- 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...
- TDS on crypto, VDAs: CBDT issues new circular on peer to peer transactionsThe Central Board of Direct Taxes (CBDT) has issued a further circular clarifying how TDS on virtual digital assets (VDA) and crypto will w...
- CBDT: Buyer to Deduct Tax in P2P Virtual Asset Exchange"In a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) i...
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