Income Tax : The guide provides detailed rules for VDA transfers executed through exchanges, brokers, and payment gateways. It identifies who i...
Income Tax : The article analyses how cryptocurrencies function through decentralized blockchain systems and examines the risks arising from li...
Finance : Investors with diversified portfolios are always looking for a new asset class or type to increase their profitability, and crypto...
Income Tax : The article explains the taxation framework for cryptocurrencies, NFTs, and other VDAs under Sections 115BBH and 194S. It highligh...
Finance : The article explains that each crypto card transaction is treated as a taxable transfer of virtual digital assets under Indian tax...
Finance : The Finance Ministry highlighted regulatory and enforcement challenges posed by VDAs, including crypto assets. Measures such as 30...
Finance : In a Lok Sabha response, the government clarified its stance on VDAs, stating no plans to revise crypto taxes or launch ETFs, whil...
Corporate Law : Crypto not yet regulated in India; FIU monitors VASPs under PMLA. 1% TDS applies to VDAs. RBI issues advisories on crypto risks; n...
Income Tax : India's Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion c...
Finance : CBI conducts searches across India in the GainBitcoin scam, seizing digital evidence and crypto wallets to trace misappropriated f...
Income Tax : ITAT Delhi condoned a 333-day delay in filing appeal after finding the reasons stated by the assessee to be bona fide. The matter ...
Corporate Law : Allahabad High Court dismisses plea to quash FIR against Mahendra Pratap Srivastava ('Zoom Baba') in Ruby Coin crypto fraud, citin...
Income Tax : "ITAT Jodhpur rules Bitcoin gains as long-term capital gains (LTCG) and allows Section 54F deduction for AY 2021-22. Read the deta...
Income Tax : Assessee to satisfy the authority by submitting Crypto currency ledger to verify information as was submitted by him before AO in ...
Corporate Law : Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) The plaintiff is a company incorporated in India. Thoug...
Income Tax : The notification expands reporting rules to include central bank digital currencies, electronic money products and relevant crypto...
Income Tax : Government initiatives under PMLA and Black Money Act target undisclosed crypto income, enhancing monitoring, enforcement, and com...
Goods and Services Tax : Explore key changes in CGST (Amendment) Bill 2023, focusing on taxability of casinos, horse racing, and online gaming. Understand ...
Corporate Law : Central Government hereby notifies that the following activities when carried out for or on behalf of another natural or legal per...
Income Tax : Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digi...
The guide provides detailed rules for VDA transfers executed through exchanges, brokers, and payment gateways. It identifies who is responsible for deducting tax in different transaction structures and compliance scenarios.
The article analyses how cryptocurrencies function through decentralized blockchain systems and examines the risks arising from limited regulation in India. It also explains taxation provisions applicable to Virtual Digital Assets.
Investors with diversified portfolios are always looking for a new asset class or type to increase their profitability, and cryptocurrency is often discussed as an option. But how viable is cryptocurrency as an investment for investors in India, after the realities of Indian taxes are factored into the equation? For investors in India, building a […]
The article explains the taxation framework for cryptocurrencies, NFTs, and other VDAs under Sections 115BBH and 194S. It highlights the harsh restrictions on deductions and loss set-off.
The article explains that each crypto card transaction is treated as a taxable transfer of virtual digital assets under Indian tax law. It highlights the need for proper reporting, record-keeping, and tax planning for 2026 filings.
ITAT Delhi condoned a 333-day delay in filing appeal after finding the reasons stated by the assessee to be bona fide. The matter was remanded to the CIT(A) for fresh consideration.
The court recognized cryptocurrency as property, but lack of statutory clarity leaves companies uncertain about holding, accounting, and liquidating crypto assets.
The law replaces Form 26QE with Form 141 for VDA transactions from April 2026. Taxpayers must follow the new challan-cum-statement system for TDS compliance.
The provisions mandate taxation of VDA transfers at a flat 30% rate without allowing deductions except cost of acquisition. The key takeaway is that strict computation rules limit tax benefits and increase effective tax liability.
The new law removes the minimum threshold for TDS on crypto transactions, making even small trades taxable. The key takeaway is stricter compliance with full transaction-level tracking.
