Crypto Tax India
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Japan Gives Crypto Financial Asset Status: What It Means For Indian Investors
Global crypto experts believe India possesses many of the ingredients needed to become a major crypto hub.
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Mudrex, KoinX Partner to Process Crypto Taxes for Users in India
KoinX has partnered with Mudrex to offer crypto tax computing services to its users in India. As part of this partnership, KoinX will offer its dashboard for generating crypto tax reports.
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Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report
India could fetch Rs. 5,144 crores through capital gains in the next three years by 2026 – only if India revises its crypto laws. The finding was published in a policy paper compiled by the Centre for Tax Laws, Hyderabad-based NALSAR University of Law, and some individual members of the Indian crypto community.
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Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
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IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
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India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal
In the absence of a set rulebook for crypto, India levied taxes on crypto profits last April. KoinX founder Punit Agarwal has conveyed to the Indian crypto investors that the government is maintaining a strict oversight on all tax-work related to crypto transactions in India.
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CoinDCX Lays Off 71 Employees, Blames India’s Crypto Tax Impact on Business in Bear Market
India’s CoinDCX crypto exchange has laid off 71 members of its work force, in order to balance its business and finances during this ongoing crypto slump. In its official statement, the company said that India’s TDS deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market.
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India Clocked 0.07 Percent Crypto Tax Payers; Over 99 Percent Global Investors Evaded Dues: Divly Report
It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.
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KoinX Launches Crypto Tax Tool for Indian CAs, Aims to Spike Userbase by 400 Percent
KoinX on Monday, January 9, launched ‘Tax Professionals’, a new tool that will reduce the turnaround time (TAT) by 99 percent for chartered accountants (CAs). This tool will enable CAs to compile and file taxes on crypto profits as levied by the Indian government for native investors of the digital assets from a single dashboard.
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Crypto Tax FAQs to be Published in Next 22 Days Before July 1: India’s Tax Board Chief
Sangeeta Singh, the chairperson of CBDT has said that FAQs around crypto taxations in India will be released around July 1. These FAQs will help the Indian crypto community get clarifications on the taxation of virtual digital assets. As per Sangeeta Singh, the chairperson of CBDT, these FAQs will be released around July 1.
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Will India’s Crypto Tax Put a Dent in Innovation and Growth of the Emerging Sector?
On this week's episode of Gadgets 360 podcast Orbital, host Akhil Arora discusses the impact of crypto tax and TDS on the exchanges and investors, with Rajagopal Menon, Vice President of crypto exchange WazirX, and Gaurav Mehta, founder of crypto tax consultancy Catax.
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Japan Gives Crypto Financial Asset Status: What It Means For Indian Investors
Global crypto experts believe India possesses many of the ingredients needed to become a major crypto hub.
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Mudrex, KoinX Partner to Process Crypto Taxes for Users in India
KoinX has partnered with Mudrex to offer crypto tax computing services to its users in India. As part of this partnership, KoinX will offer its dashboard for generating crypto tax reports.
-
Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report
India could fetch Rs. 5,144 crores through capital gains in the next three years by 2026 – only if India revises its crypto laws. The finding was published in a policy paper compiled by the Centre for Tax Laws, Hyderabad-based NALSAR University of Law, and some individual members of the Indian crypto community.
-
Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
-
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
-
India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal
In the absence of a set rulebook for crypto, India levied taxes on crypto profits last April. KoinX founder Punit Agarwal has conveyed to the Indian crypto investors that the government is maintaining a strict oversight on all tax-work related to crypto transactions in India.
-
CoinDCX Lays Off 71 Employees, Blames India’s Crypto Tax Impact on Business in Bear Market
India’s CoinDCX crypto exchange has laid off 71 members of its work force, in order to balance its business and finances during this ongoing crypto slump. In its official statement, the company said that India’s TDS deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market.
-
India Clocked 0.07 Percent Crypto Tax Payers; Over 99 Percent Global Investors Evaded Dues: Divly Report
It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.
-
KoinX Launches Crypto Tax Tool for Indian CAs, Aims to Spike Userbase by 400 Percent
KoinX on Monday, January 9, launched ‘Tax Professionals’, a new tool that will reduce the turnaround time (TAT) by 99 percent for chartered accountants (CAs). This tool will enable CAs to compile and file taxes on crypto profits as levied by the Indian government for native investors of the digital assets from a single dashboard.
-
Crypto Tax FAQs to be Published in Next 22 Days Before July 1: India’s Tax Board Chief
Sangeeta Singh, the chairperson of CBDT has said that FAQs around crypto taxations in India will be released around July 1. These FAQs will help the Indian crypto community get clarifications on the taxation of virtual digital assets. As per Sangeeta Singh, the chairperson of CBDT, these FAQs will be released around July 1.
-
Will India’s Crypto Tax Put a Dent in Innovation and Growth of the Emerging Sector?
On this week's episode of Gadgets 360 podcast Orbital, host Akhil Arora discusses the impact of crypto tax and TDS on the exchanges and investors, with Rajagopal Menon, Vice President of crypto exchange WazirX, and Gaurav Mehta, founder of crypto tax consultancy Catax.
