Income Tax : Section 115BBH taxes VDA gains at 30%, disallows loss set-off, and Section 194S requires 1% TDS on eligible crypto transfers....
Finance : The article argues that while taxing Virtual Digital Assets separately is constitutionally permissible, the blanket prohibition on...
Income Tax : The article explains the taxation framework for cryptocurrencies, NFTs, and other VDAs under Sections 115BBH and 194S. It highligh...
Income Tax : The law replaces Form 26QE with Form 141 for VDA transactions from April 2026. Taxpayers must follow the new challan-cum-statement...
Income Tax : The provisions mandate taxation of VDA transfers at a flat 30% rate without allowing deductions except cost of acquisition. The ke...
Explains how India taxes VDA gains at a flat 30% with limited deductions. Highlights the strict rules on losses and compliance obligations.
Explains how VDAs are defined under Indian tax law, the 30% tax rate, TDS requirements, and compliance obligations. Clarifies the impact of Sections 115BBH and 194S on traders and investors.
Covers the flat 30% tax on VDA transfers, 1% TDS requirements, and essential record-keeping for cryptocurrencies, NFTs, and tokenized assets.
