Budget 2024: Crypto industry players want 1% TDS to be slashed; full-fledged regulatory framework in place
Notwithstanding an arguably bad year that cryptocurrency players have left behind in 2023, this New Year has kicked off on...
TDS
TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it?
Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis' 'Global Crypto Adoption...
FIU action bodes ill for local crypto exchanges
Action against offshore crypto exchanges operating in India under money laundering laws may deprive local exchanges of much-needed liquidity and...
Bitcoin, Ethereum Keep Crypto Buzz Going – Fortune India
THE FALL FROM GRACE of Sam Bankman-Fried, who once lorded over the world's biggest crypto exchange, FTX meant that the...
India Loses $420 Million in Potential Revenue Due to 1% TDS
The Indian government has lost $420 million in what could have been a substantial revenue stream as a result of...
After 1% TDS, crypto users shift to offshore platforms, ₹3,500 cr tax goes uncollected: Report
The imposition of a one percent tax-deducted-at-source (TDS) on the trading of virtual digital assets (VDA) in India, has made...
CoinDCX Expects India to Lower TDS Tax That Crushed Crypto Trading – Bloomberg
The nation applied the 1% TDS tax on crypto transactions 16 months ago, saying the goal was to track buying...
India likely to keep door shut on crypto for two years, says WazirX
By Sidhartha Shukla and Suvashree Ghosh A shift by India to a less onerous crypto tax regime may...
India’s 1% TDS on Crypto Transfers Yields $19 Million in 9 Months
Indian tax authorities collected Rs 158 crore (approx. $19 million) in TDS on the transfer of virtual digital assets (VDA)...
High Crypto Taxes in India Remain Unchanged, Using Offshore to Avoid TDS Prohibited
Months of lobbying by Indian and global crypto firms to see if the local tax laws will provide some leeway...
