Cryptocurrency Tax

Indian investors had readily accepted cryptocurrency as a brilliant means to invest especially after the Bitcoin boom that happened a few years back. Through all these years, India became one of the major countries where crypto trading saw…

<!-- -->TDS deduction will be applicable to all virtual digital asset transfers including cryptocurrenciesAfter the 30 per cent tax rate introduced by the Government in the Union Budget 2022-23, cryptocurrency sale transactions are…

<!-- -->Portugal plans to tax cryptocurrenciesPortugal, one of the few countries in Europe where cryptocurrency transactions are not taxable, plans to close the loopholes in the legal system that prevents the government from taxing…

<!-- -->The GST Council, is considering to levy 28 per cent GST on cryptocurrencies.New Delhi: The government is considering to tax cryptocurrencies, like Bitcoin, at par with casinos, lotteries, betting and racecourses, sources…

<!-- -->Cryptocurrency exchanges are in talks with government for regulations on daily transactional activitiesCryptocurrency exchanges are in talks with the government for working out regulations on the daily deposit and withdrawal…

<!-- -->FAQs on taxation of crypto, virtual digital assets in worksNew Delhi: The government is working on a set of FAQs (Frequently Asked Questions) on the taxation of cryptocurrencies, which will give a nuanced clarification on the…

Even as the new financial year is starting from Friday, so are the new income tax and other rules. The norms were announced mostly as part of the Union Budget 2022 apart from CBDT and RBI notifications changing rules. Rules such as tax on…

Starting from April 1, cryptocurrency users need to pay income tax on the gains from the virtual assets. Finance minister Nirmala Sitharaman introduced a new section 115BBH to provide a method of computation and tax rate for the income…

When India’s government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines.  When India’s…

<!-- -->Union budget for 2022-23 has proposed a 30 per cent tax on cryptocurrency assetsCryptocurrency gains will be taxed at 30 per cent beginning April 1. It's the highest tax bracket and the rate is the same as earnings from a…