Cryptocurrency - Bitcoin

How Volatility Affects Bitcoin Usage

Finance - Bitcoin's rise to popularity started in 2010 when the price of one token climbed from tiny fractions of a dollar to about $0.09. Its price has swiftly increased by thousands of dollars since then, often rising and falling within a few hours or days. Its high volatility results from its rapid and hard-to-predict price swings....

Read More

What Complicates Bitcoin’s Future?

Finance - #AD Crypto is a new frontier with several complications that most people may not understand. Find out the main factors that impact Bitcoin’s future.  Bitcoin is undoubtedly the most prominent cryptocurrency, championing the adoption of cryptocurrencies worldwide. However, it is also a relatively new frontier, with several potential...

Read More

Understanding Bitcoin’s Role in the Monetary System

Finance - Like no other, Bitcoin has impacted a revolution with its decentralized peer-to-peer payment system that facilitates instantaneous, secure, and low-cost cross-border transactions. Bitcoin adoption has rapidly infiltrated several global financial sectors, including banking, investments, insurance, and remittances....

Read More

अब म्यूचुअल फंड पर भी लगा क्रिप्टोकरेंसी का तड़का

Finance - एक तरफ सरकार डिजिटल असेट जैसे क्रिप्टोकरेंसी, आदि जुए, सट्टे के प्रारुप को कानूनी मान्यता नहीं देने की बात कह रही है तो दूसरी तरफ इ...

Read More

Taxation of Cryptocurrency in India

Finance - Cryptocurrency and Income Tax Clarification on the taxation of cryptocurrency in India was highly awaited for the crypto holders. With the introduction of Budget 2022, the government has announced taxation norms on the same. Key pointers regarding income tax implications on cryptocurrencies in India are as follows – 1. Cryptocurrenc...

Read More

Use of Cryptocurrency for Drug Trafficking and Arms Smuggling

Finance - Narcotics Control Bureau and Central Board of Indirect Taxes and Customs has unearthed the payment of approx. Rs. 2.2 crore through crypto-currency in 11 cases linked to drug trafficking....

Read More

Govt detects GST evasion by 11 Cryptocurrency Exchanges

Finance - Whether it is true that some cryptocurrency exchanges were involved in evasion of Goods and Services Tax (GST) and it was also detected that other cryptocurrency exchanges and major investors in digital currencies are under investigation by the Government;...

Read More

RBI not proposed any Mechanism for Trading of Cryptocurrencies

Finance - Reserve Bank of India (RBI) has not proposed any mechanism for trading of crypto assets and Cryptocurrency sector is unregulated. The legal framework for the sector may be finalised only after all aspects are carefully examined in consultation with stakeholders concerned....

Read More

Current legal status of cryptocurrency in India

Finance - Finance Bill, 2022 (the Bill) has proposed to insert section 115BBH to the Income-tax Act,1961 (the Act) to provide for taxation of income from transfer of virtual digital assets (VDA)....

Read More

Banning cryptocurrency is most advisable : Deputy Governor, RBI

Finance - Cryptocurrencies threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporates creating these currencies or Governments that control them. All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India....

Read More

HC cannot restrain sell of crypto currency namely “TATA coin/$TATA” outside India

Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) - Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) The plaintiff is a company incorporated in India. Though the plaint avers that documents showing involvement of the plaintiff, its subsidiaries and group companies in financial services including crypto currency, have been fi...

Read More

No bail to person alleged of fraudulently inducing people to invest in Crypto Currency Chit Fund

Umesh Verma Vs State (Delhi High Court) - Grant of bail was refused as applicant did not return the amounts due to the complainants and there was a breach of trust and faith and was against the national economy and national interest, whereby a large number of innocent investors had been duped of their hard-earned money....

Read More

HC set aside Criminal Case related to setting up of Bitcoin ATM

B V Harish Vs State of Karnataka (Karnataka High  Court) - B V Harish Vs State of Karnataka (Karnataka High  Court) In this case Karnataka High Court quashed and set aside a criminal case registered against founders of Bitcoin company, Unocoin for setting up a Bitcoin ATM in Bengaluru in 2018 as  the case has been registered against the petitioners based ...

Read More

RBI clarifies on banks warning to Crypto/Bitcoin-dealing clients

RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 - (31/05/2021) - RBI clarifies that its circular dated April 06, 2018 restricting dealing in Virtual Currencies (VC)  is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from. Banks may, however, continue to carry out customer due diligence. Reserve Bank of India...

Read More

Recent Posts in "Cryptocurrency - Bitcoin"

How Volatility Affects Bitcoin Usage

Bitcoin's rise to popularity started in 2010 when the price of one token climbed from tiny fractions of a dollar to about $0.09. Its price has swiftly increased by thousands of dollars since then, often rising and falling within a few hours or days. Its high volatility results from its rapid and hard-to-predict price swings....

Read More
Posted Under: Income Tax |

What Complicates Bitcoin’s Future?

#AD Crypto is a new frontier with several complications that most people may not understand. Find out the main factors that impact Bitcoin’s future.  Bitcoin is undoubtedly the most prominent cryptocurrency, championing the adoption of cryptocurrencies worldwide. However, it is also a relatively new frontier, with several potential...

Read More
Posted Under: Income Tax |

Understanding Bitcoin’s Role in the Monetary System

Like no other, Bitcoin has impacted a revolution with its decentralized peer-to-peer payment system that facilitates instantaneous, secure, and low-cost cross-border transactions. Bitcoin adoption has rapidly infiltrated several global financial sectors, including banking, investments, insurance, and remittances....

Read More
Posted Under: Income Tax |

अब म्यूचुअल फंड पर भी लगा क्रिप्टोकरेंसी का तड़का

एक तरफ सरकार डिजिटल असेट जैसे क्रिप्टोकरेंसी, आदि जुए, सट्टे के प्रारुप को कानूनी मान्यता नहीं देने की बात कह रही है तो दूसरी तरफ इ...

Read More
Posted Under: Income Tax |

Use of Cryptocurrency for Drug Trafficking and Arms Smuggling

Narcotics Control Bureau and Central Board of Indirect Taxes and Customs has unearthed the payment of approx. Rs. 2.2 crore through crypto-currency in 11 cases linked to drug trafficking....

Read More
Posted Under: Income Tax |

Taxation of Cryptocurrency in India

Cryptocurrency and Income Tax Clarification on the taxation of cryptocurrency in India was highly awaited for the crypto holders. With the introduction of Budget 2022, the government has announced taxation norms on the same. Key pointers regarding income tax implications on cryptocurrencies in India are as follows – 1. Cryptocurrenc...

Read More
Posted Under: Income Tax |

Govt detects GST evasion by 11 Cryptocurrency Exchanges

Whether it is true that some cryptocurrency exchanges were involved in evasion of Goods and Services Tax (GST) and it was also detected that other cryptocurrency exchanges and major investors in digital currencies are under investigation by the Government;...

Read More
Posted Under: Income Tax |

Crypto currency – Goods or service – Actionable claim or lottery?

Well, this is a recurring question put up in front of various authorities ever since the advent of cryptos in in India and since then the Government has been acting proactively and is on its toes to tax the transactions dealing with cryptos. Now as far as Income tax is concerned taxing these transactions @ […]...

Read More
Posted Under: Income Tax |

4 major changes in Income Tax effective from April 1, 2022

There are many changes in the tax rules effective 1st April 2022, Out of which I am going to discuss are New tax rules on EPF Interest, Taxation of Virtual Digital Assets, Filing of Updated IT Return and Tax relief on Covid-19 treatment expenses and compensation. 1. New tax rules on EPF Interest: Effective April 1, […]...

Read More
Posted Under: Income Tax | ,

RBI not proposed any Mechanism for Trading of Cryptocurrencies

Reserve Bank of India (RBI) has not proposed any mechanism for trading of crypto assets and Cryptocurrency sector is unregulated. The legal framework for the sector may be finalised only after all aspects are carefully examined in consultation with stakeholders concerned....

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (6,014)
Company Law (8,224)
Custom Duty (9,152)
DGFT (4,765)
Excise Duty (4,685)
Fema / RBI (5,127)
Finance (5,533)
Income Tax (40,726)
SEBI (4,425)
Service Tax (3,933)

Search Posts by Date

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031