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...
Income Tax : The article explains how taxation differs based on classification under Sections 115BBH and 43(5). This distinction affects tax ra...
Income Tax : Income from transfer of cryptocurrencies, NFTs, and other virtual digital assets is taxed at a flat 30% rate under Indian tax law....
Covers the flat 30% tax on VDA transfers, 1% TDS requirements, and essential record-keeping for cryptocurrencies, NFTs, and tokenized assets.
