High taxes pushing investors out of crypto space? Well that’s just tip of the iceberg
The crypto market in India, which attracted a big chunk of new and amateur investors in 2021, is suffering from...
crypto tax
India’s crypto traders rush to foreign exchanges to avoid taxes
Prasid Banerjee 23 Aug, 2022 India’s tax on cryptocurrency transactions is becoming a boon for international exchanges, as users transact...
Crypto Tax: Crypto volumes take a hit after new tax rules; what’s the road ahead?
Before FY 2022-23, cryptos were not specifically taxed under the Income Tax Act, and most people profitably cashed out their...
crypto tds: Crypto players gear up for TDS rules from July 1
New Delhi: Finance Minister Nirmala Sitharaman earlier this year had introduced a 1 per cent tax deducted at source (TDS)...
bitcoin: Crypto week at a glance: Bitcoin slips below $30,000; Germany issues crypto tax guidelines
New Delhi: The price of Bitcoin fell back below $30,000 after a modest climb Thursday. Bitcoin has been floating across...
India’s crypto taxes may reportedly spell bad news for DeFi firms
DeFi transactions could be subject to a 5% equalisation levy soon. The government is also looking to levy an additional...
Govt De-Fies crypto hoarders; India’s 100th startup unicorn
After all but decimating India’s fledgling crypto industry with exorbitant taxes, the government is now eyeing decentralised finance (DeFi) platforms...
Crypto could be used for financing terror, money laundering: Finance minister
Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror,...
Income Tax: Post 30% crypto tax, should you invest in metaverse tokens, NFTs?
Flat 30% tax on any income from transfer of crypto and other virtual digital assets (VDAs), including metaverse tokens and...
Crypto Tax: FAQ on taxation of crypto, virtual digital assets in works
The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability...