Finance : Explore how cryptocurrencies are used for money laundering, the challenges faced by law enforcement, and the global regulatory res...
Income Tax : Understand Section 194S of the Income Tax Act, 1961. Learn about TDS on transfer of virtual digital assets (VDA), thresholds, tax ...
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...
Finance : Balancing dividend yield and growth stocks in your portfolio blends stability with opportunity. Dividend stocks provide reliable i...
Income Tax : Explore recent tax amendments affecting digital & crypto assets, implications for investors & businesses, and strategies for compl...
Finance : Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Fi...
Finance : Learn about the Indian Government's approach to regulating and taxing cryptocurrencies issued by private agencies. Explore the cur...
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...
Finance : Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrage Under PMLA, Rs. 936 crore relate...
Finance : Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition ...
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...
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...
Finance : B V Harish Vs State of Karnataka (Karnataka High Court) In this case Karnataka High Court quashed and set aside a criminal case ...
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...
Income Tax : Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital...
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...
Over the past few years, digitization and technology have taken over everything by a swarm. No one and nothing are spared by this wave. Whether young or aged, whether buying articles or ordering food, everything is now overtaken and governed by technology. Payments systems specifically have taken a huge turn, especially after demonetization. Post 8 […]
What is Cryptocurrency? In simple words, cryptocurrencies are digital money that can’t be seen or touched but have certain value attached to them. They are support by blockchain technology which relies on a network of computers to keep track of transactions rather than on a centralized authority like a bank. Cryptocurrency is decentralized digital money, […]
(a) the number of cryptocurrency exchanges operational in the country and the number of investors linked to the same; (b) whether it is a fact that narcotic drug traffickings and money laundering are being committed through many of the cryptocurrency exchanges;
Any payment made or received in connection with a transaction of crypto currency by an Indian Resident with a person with above category will be considered as payment in the context of foreign trade and would fall under the classification of ‘Current Account Transaction’ under the FEMA.
Overseas cryptocurrency exchanges that have a customer base in India may have to pay goods and services tax (GST) as their services are covered under OIDAR rules. How they being taxable as OIDAR service? OIDAR services are any digital or data services provide to Indian citizens or residents living in India. Indian law stipulates that […]
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.
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 a […]
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 framework that is free of […]
भूमिका क्रिप्टोकुरेंसी इन दिनों कोतुहूल भरा बहूचर्चीत शब्द है। पहले ईसे विभिन्न ‘विशेषज्ञों’ द्वारा ‘तकनीकि -बुलबुले ‘ के रूप में खारिज कर दिया गया था, लेकिन वैश्विक हस्तियो की राय इसके बिल्कुल विपरीत है। “बिटकॉइन एक तकनीकी टूर डी फोर्स हो सकता है।” -बिल गेट्स “हमने अपना पैसा और विश्वास एक गणितीय ढांचे में लगाने […]
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 cryptography to secure […]
