Income Tax : Through tax laws on Virtual Digital Assets (VDAs) like cryptocurrencies and Non-Fungible Tokens (NFTs), India has initiated the pr...
Finance : RollerCoin platform offers an alternative way to make money without cluttering your home space, massive spending, and months of me...
Income Tax : Explore cryptocurrency taxation in India, including tax rates, GST ambiguities, compliance issues, and the need for a clear regula...
Income Tax : The Finance Bill 2025 proposes mandatory reporting of crypto-asset transactions, effective from April 2026, with penalties for ina...
Income Tax : Finance Bill 2025 mandates reporting entities to furnish prescribed information on crypto-asset transactions as part of India's co...
Finance : CBI conducts searches across India in the GainBitcoin scam, seizing digital evidence and crypto wallets to trace misappropriated f...
Finance : CBI probes ₹350 crore cryptocurrency Ponzi schemes, recovering cash, digital assets, and evidence. Fraud involved unregulated de...
Finance : Indian government discusses VDA regulation, taxation, and global collaboration. No timeline set for guidelines; risks and innovati...
Goods and Services Tax : Details of GST evasion cases by cryptocurrency exchanges in India, including investigations and actions taken by the Government of...
Finance : Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Fi...
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...
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...
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...
What is crypto currency? Crypto currency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography – the science of encrypting information. It is claimed to be more secure than the real money. How is crypto currency acquired or generated? Is Crypto currency taxed in India? Concept of crypto currency is […]
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 diversity, the good governance and regulation of the cryptocurrency ecosystem in India is critical and will give impetus to the Government of India’s Digital India vision.
Currency and it’s value :- In short, currency is money, in the form of paper or coins, usually issued by a government and generally accepted at its face value as a method of payment. In a closed economy value of a currency is determined by the demand (Generated because of goods available in the market) […]
Lately we have been hearing a lot about banning of cryptocurrencies in India. Many people fear that the BAN would actually happen soon and this has made the market volatile for the traders in India. In order to understand this, let us first rewind to understand the earlier steps taken by regulatory bodies and when […]
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 on the Circular dated 06.04.2018 […]
If you are someone that’s embarking on a journey into cryptocurrencies and investing in burgeoning crypto assets, it’s important to understand your tax obligations as a crypto trader. Cryptocurrency is still regarded as a relatively new asset in monetary terms and therefore the regulations regarding its taxation are still being somewhat moulded, not least in […]
Due to the recent growth in Bitcoin trading activity in the country, India’s tax department has reportedly decided to chase the data it has acquired about individuals trading BTC way before the Reserve Bank of India banned it in 2018.
We have seen a lot of speculations in the Indian market on cryptocurrency after the Apex court gave its verdict in March 2020 favoring the crypto traders. As per the recent news, the Regulators have been working on preparing a note to pen down the proposal to the government. It is also very evident from […]
Introduction: With the developments all around, the need and discussion for virtual currency is witnessing a huge demand all around the globe. For our understanding it is to be noted that a virtual currency has no physical form, and it does not provide its owner with any inherent rights to property or another currency. Traditionally, […]
Blockchain as a term can be divided into two words i.e. block (a digital piece of information) and chain (number of information add-ups), which cannot be more than 1MB. It aims to provide Digital information that can be stored uniquely and cannot be edited further.
