Cryptocurrency - Bitcoin

Taxes on Bitcoin in India – Things to know in 2021

Income Tax - The tax you must pay on holding Bitcoin (or Satoshis, abbreviated as sats, which are a fraction of a whole Bitcoin) depends on your holding period. Less than three years of holding Bitcoin is dubbed a short-term investment, whereas more than 3 years' worth of holding is considered a long-term investment....

Read More

All About Crypto-Currencies and Taxation

Income Tax - ALL ABOUT CRYPTO-CURRENCIES AND THEIR TAXATION THEREON: In this article we will discuss in detail about Crypto- Currencies and their taxation. 1) What are crypto- currencies? A Crypto- Currency is basically a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in...

Read More

Cryptocurrencies and its Likely Tax Treatment in India

Income Tax - Background Cryptocurrency is the Intriguing buzz word these days. Earlier they were dismissed as a ‘tech-bubble’ by various ‘experts’ but the opinion of global leaders is altogether different. “Bitcoin could be a technological tour de force.” –Bill Gates “We have elected to put our money and faith in a mathematical fra...

Read More

क्रिप्टो करेंसी और भारत में क्रिप्टो करेंसी पर संभाक्रित कराधान

Income Tax - भूमिका क्रिप्टोकुरेंसी इन दिनों कोतुहूल भरा बहूचर्चीत शब्द है। पहले ईसे विभिन्न ‘विशेषज्ञों’ द्वारा ‘तकनीकि -बुलबुले ‘ क...

Read More

Taxation (GST and Income Tax) on Crypto currency like Bitcoin?

Income Tax - What is Cryptocurrency? Cryptocurrency is not a traditional ‘currency’ but is a virtual or digital representation of money’s worth and not something which is available in a tangible and physical form. Cryptocurrency is a digital currency that can be exchanged online for goods and services, but uses an online ledger with strong crypt...

Read More

IAMAI Urge Government against ban on Cryptocurrency & to build consensus 

Income Tax - IAMAI today appealed to the Government of India not to ban cryptocurrency, proposing to develop robust mechanisms to regulate the ecosystem. Cryptocurrency has been generating jobs across a variety of functions — legal, compliance, tech, marketing, business development, finance, etc. — in India and abroad. Given the scale and diversit...

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"

Taxes on Bitcoin in India – Things to know in 2021

The tax you must pay on holding Bitcoin (or Satoshis, abbreviated as sats, which are a fraction of a whole Bitcoin) depends on your holding period. Less than three years of holding Bitcoin is dubbed a short-term investment, whereas more than 3 years' worth of holding is considered a long-term investment....

Read More
Posted Under: Finance |

All About Crypto-Currencies and Taxation

ALL ABOUT CRYPTO-CURRENCIES AND THEIR TAXATION THEREON: In this article we will discuss in detail about Crypto- Currencies and their taxation. 1) What are crypto- currencies? A Crypto- Currency is basically a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in...

Read More
Posted Under: Finance |

Cryptocurrencies and its Likely Tax Treatment in India

Background Cryptocurrency is the Intriguing buzz word these days. Earlier they were dismissed as a ‘tech-bubble’ by various ‘experts’ but the opinion of global leaders is altogether different. “Bitcoin could be a technological tour de force.” –Bill Gates “We have elected to put our money and faith in a mathematical fra...

Read More
Posted Under: Finance |

क्रिप्टो करेंसी और भारत में क्रिप्टो करेंसी पर संभाक्रित कराधान

भूमिका क्रिप्टोकुरेंसी इन दिनों कोतुहूल भरा बहूचर्चीत शब्द है। पहले ईसे विभिन्न ‘विशेषज्ञों’ द्वारा ‘तकनीकि -बुलबुले ‘ क...

Read More
Posted Under: Finance |

Taxation (GST and Income Tax) on Crypto currency like Bitcoin?

What is Cryptocurrency? Cryptocurrency is not a traditional ‘currency’ but is a virtual or digital representation of money’s worth and not something which is available in a tangible and physical form. Cryptocurrency is a digital currency that can be exchanged online for goods and services, but uses an online ledger with strong crypt...

Read More
Posted Under: Finance |

Accounting of Crypto Currencies

Understanding the Crypto Currency Cryptocurrency is decentralized digital money, based on blockchain technology. These currencies are owned by an entity that owns the key that lets it create a new entry in the ledger. Access to the ledger allows the re-assignment of the ownership of that currency. Cryptocurrencies are such product of the ...

Read More
Posted Under: Finance |

Taxation of Crypto Currency Transactions

Currently, there are more than 5400 cryptocurrencies which are traded across the globe. Further, out of cryptos traded, the market cap and price are unbelievable in case of 10 currencies’ as on May 2, 2021. From total market capitalization of cryptocurrencies, Bitcoin represent at least 40% to 60% of market capitalization....

Read More
Posted Under: Finance | ,

Decrypting Cryptocurrency in India

Cryptocurrency is one of the most highlighted ingenuity of the decade. Various countries deal with cryptocurrencies differently, e.g. in the USA, Bitcoin is treated as an asset. At the same time, Singapore recognizes Bitcoin as a valid currency, and Japan treats it as a commodity. Cryptocurrency can be referred as a currency stored in co...

Read More
Posted Under: Finance |

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 RBI/2021-22/45 DOR. AML.REC 18 /14.01.0...

Read More

Decoding GST on Cryptocurrency

What is Cryptocurrency : A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same ways as cryptography (the science of hiding information). Cryptocurrencies use ‘decentralized control’, which means that they aren’t controlled by one person or government. H...

Read More
Posted Under: Finance |

Browse All Categories

CA, CS, CMA (5,525)
Company Law (7,412)
Custom Duty (8,511)
DGFT (4,546)
Excise Duty (4,493)
Fema / RBI (4,707)
Finance (4,999)
Income Tax (37,424)
SEBI (3,995)
Service Tax (3,720)

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930