Finance : ZenVolt Review of the AI Compute Strategy, exploring how renewable-powered AI infrastructure integrates with crypto staking, key f...
Finance : As crypto regulations tighten, investors can no longer rely on incomplete transaction histories and informal tracking methods. The...
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...
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...
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.
Cryptocurrency, such as Bitcoin, is a digital form of currency. One major advantage of using this is that it is almost impossible to forge. This is due to cryptography being used as part of transactions, ensuring everything is more secure. Cryptocurrency is popular across the world. However, there are concerns regarding its use in India. […]
Treatment of bitcoins as goods/property would mean that supply of bitcoins is a ‘taxable supply’ and hence subject to GST. However, a supply of bitcoins as goods or property in exchange of other virtual/real goods should technically fall within the ambit of ‘barter transaction’ since bartering is simply an exchange of one good for other goods.
