A Bengaluru crypto trader who earned just Rs 4,150 in profit received a tax notice over transactions worth Rs 47.4…
The government has warned that while crypto assets remain unregulated in India, tax evasion linked to virtual digital assets is…
The government has issued over 44,000 tax notices to people who traded in crypto but never reported their gains in…
Talking on the domestic front, Shrivastava said India has been successfully implementing automatic exchange of information standards since 2017 which…
Crypto gains in India are taxed at 30% with no deduction for expenses other than purchase cost. Gifts are taxable,…
India is set to release a discussion paper on virtual digital assets (VDAs), outlining regulatory options and global best practices.…
India’s reported stance to review the crypto framework follows the change in regulatory and policy climate in the US towards…
India’s Finance Ministry has no timeline for crypto regulations. Stay updated on evolving policies for VDAs in India!
Bitcoin climbs past $100K, sparking hopes for crypto’s mainstream future. Discover what’s driving this surge!
Any gains accrued from subsequent transactions involving the transfer of VDAs are subject to tax under Section 115BBH.
It is pertinent to note that the loss incurred from any Virtual Digital Asset would not be allowed to be…
Reportedly, the platforms conducted sessions, webinars, contests, and published educational blogs
Reportedly, the platform provides reconciliation assistance for users
In 2022, Indian government also introduced the taxation of virtual digital assets to be taxed at 30%
Under Section 234F of Income Tax Act, if you miss the deadline, you could be charged a late fee of…
Crypto transactions are taxable at a flat rate of 30%
ClearTax will provide its tax experts to help Bitget users with crypto tax laws and regulations in India.
According to an official release, customers will gain access to tax reports, tax calculation services and portfolio insights