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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
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Liechtenstein-Based Family-Run Bank Offers Clients Direct Crypto Investments
LGT Group, a family-owned private banking and asset management group, is moving into cryptocurrency by launching Bitcoin and Ether investments at LGT Bank in Liechtenstein.
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Uzbekistan Legalises Solar-Powered Crypto Mining, Offers Tax Exemption to Companies
Uzbekistan will reportedly allow companies to mine cryptocurrencies using solar energy and will exempt all crypto operations by domestic and foreign companies from income tax.
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Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
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Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
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Budget 2021: Amend Income Tax, GST Laws To Accommodate Crypto Trading, Say Experts
Budget 2021 should bring in amendments in the Income Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, said Mr Sumit Gupta, CEO, and Co-Founder, CoinDCX
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I-T Department To Tax Bitcoin Trading, Confirms CBDT
CBDT Chairman Sushil Chandra said it has come to the notice of the taxman that while many such investors "did not pay advance tax" on the benefits which they have accrued,
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Will Bitcoins Come Under Tax Net In Budget 2018?
Income Tax (I-T) department mulls taxing the gains made by bitcoin traders and investors as it conducted surveys, on December 13, of exchanges in Delhi, Mumbai, Pune, Bengaluru and Hyderabad.
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Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
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Bitcoins Legal Or Illegal in India? Ten Things You Must Know About Cryptocurrencies
About bitcoin trading, the RBI apprised of five major risks. The first and foremost is that digital currencies, being in electronic format, are prone to losses arising out of hacking, loss of password etc
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Crackdown At Bitcoin Exchanges Starts: 5 Things To Know
Bitcoin's massive rally has drawn cautionary statements from RBI, and finance ministry. Income Tax (I-T) department conducted survey operations at major Bitcoin exchanges nationwide on suspicion of alleged tax evasion
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Britain preparing to end plans to tax Bitcoin trading: report
The British support for the currency comes days after Mt. Gox, once the world's largest bitcoin exchange, was sued by a customer in the United States seeking to recover money lost in the hacking attack.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
-
Liechtenstein-Based Family-Run Bank Offers Clients Direct Crypto Investments
LGT Group, a family-owned private banking and asset management group, is moving into cryptocurrency by launching Bitcoin and Ether investments at LGT Bank in Liechtenstein.
-
Uzbekistan Legalises Solar-Powered Crypto Mining, Offers Tax Exemption to Companies
Uzbekistan will reportedly allow companies to mine cryptocurrencies using solar energy and will exempt all crypto operations by domestic and foreign companies from income tax.
-
Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
-
Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
-
Budget 2021: Amend Income Tax, GST Laws To Accommodate Crypto Trading, Say Experts
Budget 2021 should bring in amendments in the Income Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, said Mr Sumit Gupta, CEO, and Co-Founder, CoinDCX
-
I-T Department To Tax Bitcoin Trading, Confirms CBDT
CBDT Chairman Sushil Chandra said it has come to the notice of the taxman that while many such investors "did not pay advance tax" on the benefits which they have accrued,
-
Will Bitcoins Come Under Tax Net In Budget 2018?
Income Tax (I-T) department mulls taxing the gains made by bitcoin traders and investors as it conducted surveys, on December 13, of exchanges in Delhi, Mumbai, Pune, Bengaluru and Hyderabad.
-
Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
-
Bitcoins Legal Or Illegal in India? Ten Things You Must Know About Cryptocurrencies
About bitcoin trading, the RBI apprised of five major risks. The first and foremost is that digital currencies, being in electronic format, are prone to losses arising out of hacking, loss of password etc
-
Crackdown At Bitcoin Exchanges Starts: 5 Things To Know
Bitcoin's massive rally has drawn cautionary statements from RBI, and finance ministry. Income Tax (I-T) department conducted survey operations at major Bitcoin exchanges nationwide on suspicion of alleged tax evasion
-
Britain preparing to end plans to tax Bitcoin trading: report
The British support for the currency comes days after Mt. Gox, once the world's largest bitcoin exchange, was sued by a customer in the United States seeking to recover money lost in the hacking attack.
