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...
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Mint Explainer: Why India’s targeting Binance, other offshore crypto exchanges
Most of these platforms, known as virtual digital assets (cryptocurrency) service providers, have their official addresses in the Seychelles, British...
5 mn crypto users shift to offshore platforms- The New Indian Express
By Express News Service BENGALURU: Three to five million crypto users have shifted to offshore trading platforms with the imposition...
ITR filing: How to report crypto income in income tax return after addition of new VDA schedule?
ITR filing: The Income Tax Department has added a new schedule in the Income Tax Return (ITR) form for the...
Crypto exchange CoinSwitch lays off 44 employees
Crypto unicorn CoinSwitch has laid off 44 employees in its support team in a bid to right-size team. This comes as...
How to report income from cryptocurrencies, NFTs, Virtual Digital Assets (VDA) in ITR form
Budget 2022 introduced a 'flat rate' for taxing income earned from the sale of Virtual Digital Assets (VDAs) like cryptocurrencies,...
Improving crypto security protocols through regulations
By Muthuswamy N Iyer If you look at the policies being drafted by countries, global watch dogs, etc., you’ll find...
Anti-money laundering law may weigh on crypto firms
Photo Credit: Pixabay Even as crypto exchanges welcomed the Finance Ministry’s decision to bring virtual digital assets (VDAs) in India...
crypto: Domestic crypto trade volume worth 32,000 crore shifted to foreign bourses
Cumulative trade volume worth 32,000 crore ($3.852 billion) shifted from domestic crypto exchanges to foreign ones during February-October 2022, following...
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)...
