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Aadhaar-PAN Link, ATM Withdrawal Fees, More. Financial Changes From Today
Changes to regulations governing filing of income tax returns; the use of and charges associated with credit cards; and last-minute, or Tatkal, train ticket bookings, are among those that will come into effect from today.
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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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India GST Council Plans to Levy 28 Percent GST on Crypto Transactions: Report
Indian tax authorities are exploring the implementation of a 28 percent goods and services tax (GST) on all cryptocurrency transactions, adding to a 30 percent tax on profits from crypto-asset trading that kicked in on April 1.
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Indonesia to Impose VAT, Income Tax on Crypto Assets From May
Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1 percent each, starting from May 1, a tax official said.
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Crypto Tax: Most Industry Insiders Laud India’s 'Regulate Over Restrict' Approach, But Few Concerns Remain
Finance Minister Nirmala Sitharaman levied a 30 percent tax on income generated from the transfer of virtual digital assets. While she did not provide details on what classifies as “virtual digital assets”, crypto industry insiders have welcomed the developments. They are viewing this taxation as the government’s way of indirectly legitimisin...
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Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
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South Korea Says It Is Exploring Taxing Non-Fungible Tokens
South Korea aims to use one of its existing laws to tax incomes earned from buying or selling these valuable non-fungible tokens.
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Income Tax Department Considers Taxing Bitcoin and Other Virtual Currencies
Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the IT Department has launched surveys in Delhi, Mumbai, Pune, Bengaluru, and Hyderabad.
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Sebi Vows To Take Action Against Suspected Shell Firms
Regulator told board that steps were being taken to fast-track all pending cases in a time bound manner, say sources.
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LIVE: Monsoon Session Of Parliament - Day 14
A day after the Congress shouted slogans in Parliament following the Income Tax raids on Karnataka Minister DK Shivakumar, the lawmakers are expected to continue discussion on banking regulation bill in the lower house or the Lok Sabha.
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False Information By Non-PAN Holders Can Land Them In Jail
A false declaration by an individual not possessing PAN card for certain value of transactions can land him up to a seven-year jail term and a hefty fine as part of Income Tax regulations that will come into force from January 1.
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No Proposal Under Consideration to Regulate E-Commerce: Ram Vilas Paswan
Food and Consumer Affairs Minister Ram Vilas Paswan today said that there is no proposal under consideration to regulate e-commerce business in the country.
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Aadhaar-PAN Link, ATM Withdrawal Fees, More. Financial Changes From Today
Changes to regulations governing filing of income tax returns; the use of and charges associated with credit cards; and last-minute, or Tatkal, train ticket bookings, are among those that will come into effect from today.
-
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.
-
India GST Council Plans to Levy 28 Percent GST on Crypto Transactions: Report
Indian tax authorities are exploring the implementation of a 28 percent goods and services tax (GST) on all cryptocurrency transactions, adding to a 30 percent tax on profits from crypto-asset trading that kicked in on April 1.
-
Indonesia to Impose VAT, Income Tax on Crypto Assets From May
Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1 percent each, starting from May 1, a tax official said.
-
Crypto Tax: Most Industry Insiders Laud India’s 'Regulate Over Restrict' Approach, But Few Concerns Remain
Finance Minister Nirmala Sitharaman levied a 30 percent tax on income generated from the transfer of virtual digital assets. While she did not provide details on what classifies as “virtual digital assets”, crypto industry insiders have welcomed the developments. They are viewing this taxation as the government’s way of indirectly legitimisin...
-
Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
-
South Korea Says It Is Exploring Taxing Non-Fungible Tokens
South Korea aims to use one of its existing laws to tax incomes earned from buying or selling these valuable non-fungible tokens.
-
Income Tax Department Considers Taxing Bitcoin and Other Virtual Currencies
Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the IT Department has launched surveys in Delhi, Mumbai, Pune, Bengaluru, and Hyderabad.
-
Sebi Vows To Take Action Against Suspected Shell Firms
Regulator told board that steps were being taken to fast-track all pending cases in a time bound manner, say sources.
-
LIVE: Monsoon Session Of Parliament - Day 14
A day after the Congress shouted slogans in Parliament following the Income Tax raids on Karnataka Minister DK Shivakumar, the lawmakers are expected to continue discussion on banking regulation bill in the lower house or the Lok Sabha.
-
False Information By Non-PAN Holders Can Land Them In Jail
A false declaration by an individual not possessing PAN card for certain value of transactions can land him up to a seven-year jail term and a hefty fine as part of Income Tax regulations that will come into force from January 1.
-
No Proposal Under Consideration to Regulate E-Commerce: Ram Vilas Paswan
Food and Consumer Affairs Minister Ram Vilas Paswan today said that there is no proposal under consideration to regulate e-commerce business in the country.
