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Section 194S: TDS on transfer of Virtual Digital Assets (VDA)

Income Tax : Understand Section 194S of the Income Tax Act, 1961. Learn about TDS on transfer of virtual digital assets (VDA), thresholds, tax ...

June 24, 2024 1074 Views 0 comment Print

How Can I Stay Informed About Market Trends?

Finance : This guide provides practical tips and tools to help you stay ahead, ensuring you never miss a beat in the fast-paced world of fin...

June 21, 2024 447 Views 0 comment Print

Adjusting Your Portfolio Over Time Like A Pro

Finance : Balancing dividend yield and growth stocks in your portfolio blends stability with opportunity. Dividend stocks provide reliable i...

June 21, 2024 270 Views 0 comment Print

Taxation on Digital and Crypto Assets: Navigating the New Landscape

Income Tax : Explore recent tax amendments affecting digital & crypto assets, implications for investors & businesses, and strategies for compl...

June 11, 2024 558 Views 0 comment Print

Understanding NAV and Premiums: Bitcoin Investment Trusts

Finance : Understand Bitcoin investment trusts, Net Asset Value (NAV), and premiums to make informed cryptocurrency investment decisions. Le...

May 29, 2024 276 Views 0 comment Print


Latest News


FIU IND issues compliance SCN to 9 offshore VDA SPs

Finance : Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Fi...

December 28, 2023 327 Views 0 comment Print

Regulation & Taxation of Cryptocurrencies: Government’s Approach

Finance : Learn about the Indian Government's approach to regulating and taxing cryptocurrencies issued by private agencies. Explore the cur...

August 11, 2023 849 Views 0 comment Print

Govt collects TDS of Rs. 157.9 crore on transfer of Virtual digital Assets

Income Tax : Direct tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 20...

March 30, 2023 1194 Views 0 comment Print

Crypto Assets require international collaboration to prevent regulatory arbitrage

Finance : Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrage Under PMLA, Rs. 936 crore relate...

February 8, 2023 720 Views 0 comment Print

Currently, crpyto assets are unregulated in India

Finance : Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition ...

December 22, 2022 735 Views 0 comment Print


Latest Judiciary


Section 148 Notice valid If Assessee failed to submit Crypto Currency Ledger

Income Tax : Assessee to satisfy the authority by submitting Crypto currency ledger to verify information as was submitted by him before AO in ...

September 20, 2022 2235 Views 0 comment Print

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

Corporate Law : Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) The plaintiff is a company incorporated in India. Thoug...

January 25, 2022 1434 Views 0 comment Print

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

Finance : Grant of bail was refused as applicant did not return the amounts due to the complainants and there was a breach of trust and fait...

November 5, 2021 1935 Views 0 comment Print

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

Finance : B V Harish Vs State of Karnataka (Karnataka High  Court) In this case Karnataka High Court quashed and set aside a criminal case ...

February 8, 2021 792 Views 0 comment Print


Latest Notifications


CGST (Amendment) Bill, 2023 – Tax Changes on casinos, horse racing & gaming

Goods and Services Tax : Explore key changes in CGST (Amendment) Bill 2023, focusing on taxability of casinos, horse racing, and online gaming. Understand ...

August 9, 2023 1479 Views 0 comment Print

Govt notifies Cryptocurrency – Virtual digital assets under PMLA, 2002

Corporate Law : Central Government hereby notifies that the following activities when carried out for or on behalf of another natural or legal per...

March 7, 2023 2895 Views 0 comment Print

CBDT notifies Non fungible token as virtual digital asset

Income Tax : Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digi...

June 30, 2022 3018 Views 0 comment Print

Exclusion of certain digital assets from definition of virtual digital asset

Income Tax : Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital...

June 30, 2022 2010 Views 0 comment Print

CBDT Amends rule 31A and inserts new Form No. 26QF

Income Tax : Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of v...

June 30, 2022 12603 Views 2 comments Print


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

January 25, 2022 1434 Views 0 comment Print

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 filed with the plaint, the documents with the plaint do not indicate […]

Cryptocurrency: Tax-man’s Perspective

January 22, 2022 2415 Views 0 comment Print

Ripple started in 2009 when Satoshi Nakamoto (pseudonym) published his research paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash system’. Abstract explains ‘A peer-to-peer electronic cash system would allow online payments to be sent directly from one party to another without going through a financial institution’. We usually refer to this system as ‘Decentralized Finance’ or […]

Taxability of Cryptocurrency

January 20, 2022 6165 Views 0 comment Print

Cryptocurrency is a virtual currency based on blockchain technology, which enables a peer to peer network without the intervention of a centralized agency. Cryptocurrency gained popularity with the introduction of Bitcoin by a programmer under the name Satoshi Nakatomo. Bitcoin gained significance in light of the collapse of the financial system which culminated in the Great Recession.

Know about CryptoCurrency in 5 Minutes

January 20, 2022 4386 Views 2 comments Print

CryptoCurrency is a buzzword in today’s digital times and has caught much attention of Investors and Legislators across the globe. I am sure you have heard about it through News, FB, or friends. Just keep reading to know Crypto Currencies Journey right from the start till the present time 1. What is Cryptocurrency? The word […]

Non-Fungible Tokens (NFT’S) and Its Tax Implications

January 18, 2022 8400 Views 1 comment Print

What are NFT’S? Before we delve into the definition let us first understand the meaning of the term Non-Fungible. What does it exactly mean? In simple terms the term non-fungible means non replaceable. Let me explain this with an example. For instance, the book Harry Potter and the Prisoner of Azkaban by J.K. Rowling must […]

Taxability of Non-Fungible Tokens

January 6, 2022 5403 Views 0 comment Print

Non- fungible tokens (NFT), is a fairly novel concept but also one that has gained popularity all around the globe in a short span of time and has piqued the interest of society at large. They can be termed as a data unit stored on a digital public ledger i.e. the block chain that verifies a digital asset as unique and thus non-transferable.

GST Commissionerate detects Rs 40.5 crores GST evasion by Wazir X

January 1, 2022 1401 Views 0 comment Print

The GST Mumbai East Commissionerate of Mumbai Zone, while investigating the business activities of cryptocurrency exchange WazirX have detected GST Evasion of Rs 40.5 Crores. The Commissionerate has also recovered Rs 49.20 Crores in Cash pertaining to GST evaded, interest and penalty.

Mining and pseudo random number generator

December 8, 2021 2484 Views 1 comment Print

WHAT IS MINING? Mining is a process of validating new crypto transactions and generating new transactions(coins) in the crypto world by solving complex mathematical problems. People who are responsible to initiate these processes are known as miners. HOW MINING PROCESS IS DONE? With the growth in the crypto world, it has become a business for […]

Crypto Currencies and their Taxation in India

December 4, 2021 7914 Views 0 comment Print

A crypto currency or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin […]

Taxation of gains on crypto currencies

December 2, 2021 2319 Views 0 comment Print

Millions of Indians have invested in crypto currencies and have made huge gains in last couple of years. Now, it is the time to file their income tax returns. But they are not sure how to treat the income from cryptocurrency trading in their ITR. Nothing is specifically prescribed in Income Tax laws of land. Even […]

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