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...
Corporate Law : The court recognized cryptocurrency as property, but lack of statutory clarity leaves companies uncertain about holding, accountin...
Income Tax : The law replaces Form 26QE with Form 141 for VDA transactions from April 2026. Taxpayers must follow the new challan-cum-statement...
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 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 […]
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 digital age […]
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.
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 coded files […]
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 /14.01.001/2021-22 May […]
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. How does it Work : Cryptocurrency is a form of payment […]
