Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman
2 months, 1 week ago

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman

Live Mint  

As the Union Budget 2025 approaches, the cryptocurrency industry in India anticipates a more favourable tax and regulatory environment. Crypto sector seeks income tax reforms ahead of Union Budget 2025 "The 1% TDS on crypto transactions led many investors and traders to turn towards foreign exchanges, making it harder for the government to track activity. A reduction of TDS down to 0.01% and the allowance for offsetting losses could significantly benefit investors and drive positive momentum in the industry," said Edul Patel, Co-founder & CEO of Mudrex With Bitcoin and the crypto market making impressive gains on a global level, the Indian investors are missing these splendid opportunities because of the high taxation regime currently in operation. "For the development of the crypto industry in India, I believe that the Union Budget 2025 should target the reduction of tax on virtual digital assets below 30% and cut the TDS on all transactions from 1% to 0.01%. With the Union Budget 2025 approaching, India's crypto industry hopes for reforms to address the challenges of the 2022 tax changes and foster growth.

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History of this topic

Crypto & The Indian Economy: How New Income Tax Bill Marks A Pivotal Moment
2 weeks, 4 days ago

Crypto & The Indian Economy: How New Income Tax Bill Marks A Pivotal Moment

ABP News  

By Vikram Subburaj Digital assets in India have evolved into a complex intersection of technological innovation, regulatory calibration, and fiscal oversight. Recent developments, notably the Union government’s initiative to draft a comprehensive concept paper on crypto and the introduction of the Income Tax Bill, 2025, in the Lok Sabha, signal a pivotal moment in India’s crypto journey. Income Tax Bill, …

Coinbase looks to come back to India, in talks with regulators: Report
1 month, 1 week ago

Coinbase looks to come back to India, in talks with regulators: Report

Hindustan Times  

US-based cryptocurrency exchange Coinbase is working on re-entering the Indian market after exiting more than a year ago TechCrunch reported. This comes at a time when India is reviewing its stance on cryptocurrencies, primarily due to global regulatory shifts, and also recent US policy changes, according to a Reuters report which added that Economic Affairs Secretary Ajay Seth told earlier …

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report
1 month, 2 weeks ago

Finance Minister Nirmala Sitharaman says income tax and RBI rate cut will boost economy: Report

Hindustan Times  

The income tax relief which the Budget 2025 provided, coupled with the Reserve Bank of India's repo rate cut will boost recovery in consumption in the economy, a report by news agency ANI quoted Finance Minister Nirmala Sitharaman as saying. Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025. Besides this, the …

Budget has delivered the tax break, but will the markets bite?
1 month, 2 weeks ago

Budget has delivered the tax break, but will the markets bite?

Live Mint  

Can tax relief for the urban middle class spark a consumption revival, and help accelerate an economy that has lately been grappling with a slowdown? So at least for one quarter it is recommended to remain invested in high quality growth stocks which are available at reasonable prices," noted Neeraj Chadawar, head of fundamental and quantitative research at Axis Securities. …

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions
1 month, 3 weeks ago

India's Crypto Policy Delayed Further? Report Suggests Re-Evaluation Of Stances By Multiple Jurisdictions

ABP News  

India is re-evaluating its position on cryptocurrencies following recent international developments, including regulatory changes in major economies, according to a senior Government official, reported Reuters. The decision comes as multiple jurisdictions have softened their stance on digital assets, prompting India to revisit its delayed discussion paper on crypto policy, which was initially expected to be released in September 2024. Crypto …

India reviewing crypto position due to global changes, senior official says
1 month, 3 weeks ago

India reviewing crypto position due to global changes, senior official says

The Hindu  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Mr. Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a …

Government is reportedly thinking about changing its stance on cryptocurrency
1 month, 3 weeks ago

Government is reportedly thinking about changing its stance on cryptocurrency

India Today  

India has a rigid cryptocurrency environment, and its stance on the digital currency has been anything but consistent. In December 2023, the Financial Intelligence Unit in India issued show-cause notices to 9 offshore crypto exchanges, including Binance and Kucoin, for non-compliance with local regulations. In 2023, former RBI Governor Shaktikanta Das also represented a critical stand against cryptocurrency in India. …

India reviewing crypto stance amid global policy shift: Report
1 month, 3 weeks ago

India reviewing crypto stance amid global policy shift: Report

India Today  

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards virtual asset in other countries, a senior government official told Reuters on Sunday. He did not specifically mention the United States, where Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency …

Budget 2025 and your finances: Check this comprehensive guide for impact on salaries to crypto to rent
1 month, 3 weeks ago

Budget 2025 and your finances: Check this comprehensive guide for impact on salaries to crypto to rent

Live Mint  

The Union Budget’s announcement of the new ₹12,00,000 tax slab has created quite a buzz, bringing cheer to many taxpayers. New Tax Regime Vs. Old Tax Regime for year 25-26 The table compares income tax liabilities under the New Tax Regime and old tax regime for the Financial Years 2025-26, emphasizing the tax savings resulting from changes in tax rates …

Union Budget 2025: Tax bonanza for middle class
Trending News
1 month, 3 weeks ago

Union Budget 2025: Tax bonanza for middle class

The Hindu  

If your car is sputtering, and a faulty fading battery appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car. Finance Minister Nirmala Sitharaman sought to do just that on Saturday with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh …

Budget 2025: Here’s what centre announced on crypto regulations and tax
1 month, 3 weeks ago

Budget 2025: Here’s what centre announced on crypto regulations and tax

Live Mint  

The Union Budget 2025-26 did not introduce any significant relief for cryptocurrency investors, maintaining the 30 per cent tax on crypto gains and the 1 per cent TDS on transactions. Crypto investors also appreciated the government's decision not to impose a tax deducted at source or a 30 per cent tax on crypto gains within the futures and options segment. …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 3 weeks ago

Union Budget 2025: A responsive Budget that banks on India

The Hindu  

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is the increase in income tax exemption to ₹12 lakh, which will …

New income tax slabs and more: The big Budget 2025 announcements, in graphics
Trending News
1 month, 3 weeks ago

New income tax slabs and more: The big Budget 2025 announcements, in graphics

Firstpost  

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From a change in income tax slabs to a boost to IIT infrastructure, here are the major announcements of the Budget Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. Here’s a quick look at …

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns
1 month, 3 weeks ago

'We Are Disappointed': Budget 2025 Offers No Relief for Crypto Sector, Industry Voices Concerns

ABP News  

Budget 2025: The crypto industry expressed dismay over the Union Budget 2025, which maintained the current tax structure for Virtual Digital Assets without offering the much-anticipated relief. Shekhar added, "However, with no direction being provided towards the future of Virtual Digital Assets and their regulations has left the huge crypto ecosystem in the country disappointed." 'High Tax Burden Driving Away …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 3 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth
1 month, 3 weeks ago

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth

Hindustan Times  

Union Budget 2025 highlights: Making the Union Budget 2025 ‘pro-middle class’, finance minister Nirmala Sitharaman announced on Saturday that zero income tax will be levied till ₹12 lakh income under the revised new tax regime. Union Budget 2025 | Key points -Income tax relief: Amid high anticipation of tax measures and relief to the middle class, finance minister Nirmala Sitharaman …

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth
1 month, 3 weeks ago

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth

Hindustan Times  

Union Budget 2025 highlights: Making the Union Budget 2025 ‘pro-middle class’, finance minister Nirmala Sitharaman announced on Saturday that zero income tax will be levied till ₹12 lakh income under the revised new tax regime. Union Budget 2025 | Key points -Income tax relief: Amid high anticipation of tax measures and relief to the middle class, finance minister Nirmala Sitharaman …

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth
1 month, 3 weeks ago

Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth

Hindustan Times  

Union Budget 2025 highlights: Making the Union Budget 2025 ‘pro-middle class’, finance minister Nirmala Sitharaman announced on Saturday that zero income tax will be levied till ₹12 lakh income under the revised new tax regime. Union Budget 2025 | Key points -Income tax relief: Amid high anticipation of tax measures and relief to the middle class, finance minister Nirmala Sitharaman …

Budget 2025: Will Sitharaman announce income tax reliefs for the middle-class? Modi drops a hint
1 month, 3 weeks ago

Budget 2025: Will Sitharaman announce income tax reliefs for the middle-class? Modi drops a hint

Firstpost  

Nirmala Sitharaman will present the Union Budget on February 1 with expectations of measures to boost economic growth and provide relief to the middle class amid high prices and stagnant wages while maintaining fiscal prudence. A day before Finance Minister Nirmala Sitharaman will present her eighth consecutive budget on February 1, Prime Minister Narendra Modi reminisced the Maha Lakshmi mantra, …

Union Budget 2025: Real estate sector seeks enhancement of monetary limit for affordable housing, tax sops from FM
1 month, 3 weeks ago

Union Budget 2025: Real estate sector seeks enhancement of monetary limit for affordable housing, tax sops from FM

Hindustan Times  

The real estate sector is seeking an enhancement of the monetary limit of affordable housing from the current ₹45 lakh to at least ₹75 lakh to a crore, a reinstatement of the tax deduction for affordable housing projects and rationalising input credits to developers under GST that would help reduce project costs and potentially lower property prices for buyers, Grant …

Budget 2025: Will Income Tax Act get simpler? Changes to watch out for
1 month, 3 weeks ago

Budget 2025: Will Income Tax Act get simpler? Changes to watch out for

India Today  

In the Union Budget 2024, the Finance Minister of India called for a comprehensive review of the Income Tax Act, 1961. As Union Budget 2025 looms on the horizon, speculation is rife regarding the potential introduction of a new income tax law. The compendium shall act as a one-point reference for the taxpayers and provide them certainty regarding tax implications …

Budget 2025 expectations highlights: Income tax changes, new sectoral policies
Trending News
1 month, 3 weeks ago

Budget 2025 expectations highlights: Income tax changes, new sectoral policies

Hindustan Times  

Jan 29, 2025 1:45 PM IST Budget 2025 expectations LIVE: Sandeep Agarwal, India MD & Global CTO of Visionet said, “At Visionet, we believe that the Union budget for 2025-26 has to be oriented more towards the urban infrastructure and metro programs since these will be critical to the development of smart cities, facilitating connectivity and improving urban transport. At …

Income tax payers in India have good reason to feel neglected
1 month, 3 weeks ago

Income tax payers in India have good reason to feel neglected

Live Mint  

As the countdown to Union budget 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman. In its effort to shift individual taxpayers to its exemption-free regime of personal income tax, the Centre must be commended for dangling carrots but sparing the stick. Likewise, in the case of tax on accrued …

Crypto industry expects simple tax structures, compliance in Budget 2025
1 month, 3 weeks ago

Crypto industry expects simple tax structures, compliance in Budget 2025

New Indian Express  

BENGALURU: With Bitcoin prices continuing to rise and US President Donald Trump’s order of creating a cryptocurrency working group, the virtual assets industry in India says the momentum is building up and that the country should remain in the forefront. Edul Patel, co-founder & CEO of Mudrex said, “The 1% TDS on crypto transactions led many investors and traders to …

Budget 2025: Innovation push, tax sops —here’s what fintech players expect from FM Sitharaman on February 1
1 month, 3 weeks ago

Budget 2025: Innovation push, tax sops —here’s what fintech players expect from FM Sitharaman on February 1

Live Mint  

Unless you are living under a rock, you would be aware that Union Finance Minister Nirmala Sitharaman will announce Budget 2025 on February 1. These thousands of young Indian businesses hold great growth potential but need timely and accessible capital infusion,” said Sankarsh Chanda, Founder and CEO of Savart, a firm that provides investment advisory services. “We hope the Budget …

Budget 2025 And Stock Market: How The Changes Will Impact Long-Term Investments Across Sectors?
1 month, 3 weeks ago

Budget 2025 And Stock Market: How The Changes Will Impact Long-Term Investments Across Sectors?

ABP News  

By Achin Goel Indian stock market outlook will be determined by the interplay of domestic fiscal policies as well as the Budget 2025 and international trade dynamics, particularly in light of the recent inauguration of Donald Trump as the US President. As India approaches the Union Budget 2025, set to be unveiled on February 1, expectations are high regarding potential …

Budget 2025: Can tax reliefs be the game-changer for GDP?
1 month, 3 weeks ago

Budget 2025: Can tax reliefs be the game-changer for GDP?

India Today  

India's economy is showing signs of slowing down, with the GDP growth rate projected to fall to 6.4% in FY25 from 8.2% in FY24, according to the National Statistics Office. TAX RELIEFS AND THEIR IMPORTANCE Experts believe that providing tax relief could play a key role in reviving demand and boosting GDP. Subho Moulik, Founder and CEO of Appreciate, highlighted …

Budget 2025: Global economic shifts make tax cuts unlikely, but reforms must continue
2 months ago

Budget 2025: Global economic shifts make tax cuts unlikely, but reforms must continue

Live Mint  

As the world economy continues to work through the challenges of weak growth, likely inflation and political actions shifting economic relations, there is continued interest in whether tax policy can make a difference. Yet, the growth in goods and services tax collections is robust and personal income taxes have grown faster than corporate tax collections. However, US president Donald Trump’s …

Budget 2025 | Tax breaks to spur spending, boost economy?
2 months ago

Budget 2025 | Tax breaks to spur spending, boost economy?

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman is likely to offer income tax breaks for individuals in the Union budget for FY26 as part of efforts to boost household spending and stimulate economic growth, two persons informed about discussions in the government said. While the exact changes to the new personal income tax regime will be finalized over the next few …

Budget 2025 Expectations: Simplification & Rationalisation In Tax Reforms Is The Need Of Hour
2 months, 1 week ago

Budget 2025 Expectations: Simplification & Rationalisation In Tax Reforms Is The Need Of Hour

ABP News  

By Mukesh Pandey Budget 2025: As the Union Budget approaches, stakeholders of all types, and particularly businesses, await with bated breath to learn how the Government intends to meet the urgent demands of India’s changing economy. In tax reform and regulatory relief, there are high expectations since these can deliver significant benefits in terms of growth, compliance, and ease of …

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
2 months, 2 weeks ago

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report

India Today  

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify income tax filing and address longstanding tax disputes. According to a Bloomberg report, Finance Minister Nirmala Sitharaman is expected to unveil a comprehensive overhaul of the Income Tax Act, 1961, a move that has been in the works for several months. KEY …

Budget 2025: When was the last major income tax relief given?
Trending News
2 months, 3 weeks ago

Budget 2025: When was the last major income tax relief given?

India Today  

The Union Budget 2025 is scheduled to be presented on February 1, 2025 as expectations are high among salaried individuals for income tax relief. Economists have also called on the government to cut income tax rates and implement reforms to boost savings and economic growth in the Union Budget 2025, as per media reports. PREVIOUS MAJOR INCOME TAX RELIEF Ajinkya …

Indians Have Rejected Crypto. But 2025 Could Change That
3 months ago

Indians Have Rejected Crypto. But 2025 Could Change That

ABP News  

By AR Hemant The BankBazaar Moneymood 2025 survey report reveals a sharp decline in Indians’ interest in cryptocurrency. Of the salaried men and women surveyed in the study, only 12 per cent of Indians invested in crypto in 2024, compared to 32 per cent in 2022​. Taxation and Security Concerns Hurt Crypto The Indian government’s 30 per cent tax on …

Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits
3 months, 1 week ago

Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits

ABP News  

The Income Tax Appellate Tribunal in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. By recognising crypto as capital assets, it provides much-needed relief for investors who sold crypto before 2022, allowing them to benefit from long-term capital gains tax rates. For investors, this means that any profits made from selling cryptocurrencies will now be subject …

Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings
3 months, 1 week ago

Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings

India Today  

The Income Tax Appellate Tribunal in Jodhpur has clarified how cryptocurrency profits should be taxed in its ruling in Tuesday. TAXATION BEFORE AND AFTER 2022 Pre-2022 transactions: Before the Virtual Digital Assets regulations came into effect in 2022, profits from crypto sales were categorised as capital gains, much like profits from stocks or real estate. Investors holding cryptocurrencies for more …

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments
3 months, 2 weeks ago

Cryptocurrency tax in India: Know how much you will have to pay on Crypto investments

India TV News  

Following Donald Trump’s victory in the US presidential elections, the value of cryptocurrencies, including Bitcoin, has skyrocketed. Heavy 30 per cent Tax on Gains In India, cryptocurrencies aren't formally identified as legal tender under the Income Tax Act’s Section 2, which classifies them as Virtual Digital Assets. These provisions mandate: A flat 30 per cent tax on profits earned from …

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?
3 months, 3 weeks ago

Mint Money Festival: Is it worth investing in cryptocurrencies, an unregulated asset class in India?

Live Mint  

Imagine a fixed-income investment advisor who tried out crypto assets and then got converted. While Pande invested in crypto assets such as Bitcoin, Ethereum, Arbitrum and Uniswap, he continued his systematic investment plans in mutual funds, exchange traded funds and contributions to the National Pension System. It is an asset class for the young generation that understands technology, Ashish Singhal, …

Ready to cash out Bitcoin? Understand income tax rules on cryptocurrency in India
4 months, 1 week ago

Ready to cash out Bitcoin? Understand income tax rules on cryptocurrency in India

Live Mint  

Since Donald Trump's victory in the US presidential elections on November 5, 2024, Bitcoin, the world's largest cryptocurrency, has risen more than 30%, reaching its highest point ever. If you are invested heavily in Bitcoin and want to book profit from this biggest crypto asset, remember that taxes on virtual digital assets in India operate differently than those on more …

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?
4 months, 1 week ago

Will Bitcoin's revival boost India's appetite for cryptos despite high taxes?

India Today  

Bitcoin has taken the financial world by storm once again, this time surging to a record-breaking $90,000 following Donald Trump's unexpected victory in the US presidential election. TRUMP'S IMPACT ON THE CRYPTO SURGE The crypto market has been riding a wave of optimism following Donald Trump's election as US president, with hopes that his administration will adopt a crypto-friendly stance. …

India's crypto industry expects Bitcoin surge to boost domestic business
4 months, 1 week ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why
7 months, 2 weeks ago

Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why

Live Mint  

The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. However, crypto industry participants are not too pessimistic about Chaudhary’s statement, which was released at the behest of the Finance Ministry since they pin hopes on a discussion paper on …

Union Budget 2024: As Crypto Taxes Remain Unchanged, Here Are Top Takeaways For Investors & Market
8 months ago

Union Budget 2024: As Crypto Taxes Remain Unchanged, Here Are Top Takeaways For Investors & Market

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman in her Budget presentation made a pivotal decision to retain the current tax rates on virtual digital assets. One of the primary concerns is that the current tax regime could act as a deterrent for new investors. New investors, particularly those from outside the country, may find the tax implications challenging or discouraging, …

Crypto industry 'disappointed' as it finds no mention in Budget
8 months ago

Crypto industry 'disappointed' as it finds no mention in Budget

New Indian Express  

BENGALURU: The crypto industry, which has been seeking a reduction in the rate of TDS on the transfer of VDAs from 1% to 0.01%, remained disappointed with the Budget as there was no mention of crypto or VDAs in Finance Minister Nirmala Sitharaman's speech. Dilip Chenoy, Chairperson, Bharat Web3 Association, said they will continue to push for rationalization of the …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
8 months, 1 week ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help
8 months, 1 week ago

Crypto Tax In India: The Current State & How Union Budget 2024 Can Help

ABP News  

As the global crypto markets are on a bull run, the excitement among Indian investors is also palpable. With the Union Budget 2024 on the horizon, understanding the current tax framework and anticipating potential changes can help investors make informed decisions and optimise their portfolios. Anticipated Changes In Union Budget 2024 As we approach the Union Budget 2024, several potential …

Crypto industry seeks conducive tax environment
8 months, 3 weeks ago

Crypto industry seeks conducive tax environment

New Indian Express  

BENGALURU: The first half of this year was a significant one for the crypto industry ­-- Bitcoin touched its peak of over $73,000 in March, Bitcoin Halving, US SEC granted approval for spot Bitcoin ETFs. All these have driven increased trading activity in the Indian crypto market, and crypto exchanges hope that the upcoming Budget will create a conducive regulatory …

Crypto industry can do much better with TDS reduction: CoinSwitch
9 months, 3 weeks ago

Crypto industry can do much better with TDS reduction: CoinSwitch

New Indian Express  

BENGALURU: Ever since 1% TDS for virtual digital assets was introduced, the crypto industry has been seeing reductions in trading volumes, but as crypto market rebounds, crypto trading platform CoinSwitch expects TDS reduction in the next budget at least, and this will attract more new users. CoinSwitch, which has over 2 crore registered users, has plans to introduce Futures and …

Budget Highlights 2024: Govt to lay white paper on economic performance
1 year, 1 month ago

Budget Highlights 2024: Govt to lay white paper on economic performance

Hindustan Times  

Feb 1, 2024 7:33 PM IST Ashish Singhal, Co-founder and Group CEO, PeepalCo says, "Crypto is experiencing a resurgence this year. On a positive note, the Government of India now has the chance to introduce comprehensive crypto regulations and improved tax policies in the upcoming full Budget, with the full support of the electorate. We continue to urge: i) Allow …

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV
1 year, 6 months ago

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV

ABP News  

Crypto is often called the "Internet of Value" and for good reason. Here’s Why Crypto Could Prove Important To India Remittances: A Game Changer India holds the global top spot for remittance receipts, raking in approximately $80 billion annually. Crypto and decentralised technologies are not merely optional but vital to safeguarding India's national sovereignty. Enterprise Adoption A consortium of 15 …

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