Understanding India's evolving crypto discourseIndia is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax ...
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 ...
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...
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...
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...
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...
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...
Budget 2025: Can India’s VDA Tax and regulatory reforms contribute to the nation’s economic growth?India is on the verge of becoming a global leader in Virtual Digital Assets but faces challenges due to high taxation, pushing traders to o...
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...
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...
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...
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...
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...
Reward points, e-vouchers out of crypto tax ambitGiven the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto ta...