New income tax rules: Know major changes in ITR from April 1
3 years ago

New income tax rules: Know major changes in ITR from April 1

India Today  

The Central Board of Direct Taxes will be introducing a slew of major changes to the income tax from April 1 under the Income-tax Rule 2021. While the crypto taxation to be introduced from April 1 has been the prime point of concern among many, the government has also incorporated some changes in filing of updated returns, new tax rules on EPF interest, and tax relief on Covid-19 treatment. Now onwards, the taxpayers will have the flexibility to file an updated return for errors or mistakes made in income tax returns within two years from the end of the relevant assessment year. Finance Minister, Nirmala Sitharaman announced during the Union Budget Session 2022 that a tax of flat 30 per cent will be levied on any gain made from the digital assets like crypto currency.

Income Covid Return Epf Major Changes Crypto Tax Received Digital  changes  assets  itr  returns  updated  know  rules  taxation  return  received  digital  major  crypto  tax  income

History of this topic

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
3 weeks, 1 day ago

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know

Live Mint  

The new income tax bill has changed the TDS and TCS rules several times. One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme, which has risen from 20% to 22% for amounts over ₹7 lakh per year. Joint property purchasers also need to furnish PAN information of all joint owners to …

Crypto & The Indian Economy: How New Income Tax Bill Marks A Pivotal Moment
3 weeks, 3 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, …

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know
3 weeks, 4 days ago

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know

India TV News  

What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know India’s taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce the burden on taxpayers, and enhance ease of doing business. In a significant move to simplify …

ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?
3 weeks, 6 days ago

ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?

Live Mint  

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. The choice to opt for the old tax regime must be made before the due date for filing returns under Section 139 of the Income Tax Act,” said Abhishek Soni, CEO and Co-founder Tax2win. Tax regime selection rule for salaried taxpayers Taxpayers with …

Coinbase looks to come back to India, in talks with regulators: Report
1 month, 2 weeks 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 …

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

Income Tax in India: Will Modi Budget 2025 make the new tax regime more attractive?
2 months, 1 week ago

Income Tax in India: Will Modi Budget 2025 make the new tax regime more attractive?

Firstpost  

Finance Minister Nirmala Sitharaman might introduce measures in Budget 2025 to make the new tax regime more appealing, encouraging taxpayers to opt for the system that provides lower tax rates but offers significantly fewer deductions. With the Budget 2025 approaching, discussions have surfaced about potential income tax relaxations as the center plans to incentivise the new tax regime which offers …

Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman
2 months, 2 weeks 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 …

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025
2 months, 4 weeks ago

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

Hindustan Times  

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in the Union Budget 2024-25, influencing the deductions and exemptions taxpayers can claim when filing their income tax returns in July 2025. The changes in the income tax structure can influence the deductions and exemptions taxpayers can claim when filing their income …

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025
2 months, 4 weeks ago

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025

Live Mint  

Income tax rule: As 2024 ends, it's clear that India's financial sector has experienced significant income tax reforms. 1)New regime income tax slabs changed under the new tax regime The new tax regime's revised slabs offer taxpayers potential annual savings of ₹17,500. New regime income tax slab rates Up to ₹3 lakh - Nil ₹3-7 lakh - 5% ₹7-10 lakh …

Income tax calendar 2025: Key deadlines for January you need to know
3 months ago

Income tax calendar 2025: Key deadlines for January you need to know

India TV News  

Income tax calendar 2025: As the new financial year begins, taxpayers and organizations must stay vigilant about important deadlines in the Income tax calendar for January 2025. Here are the key due dates for January 2025: January 7, 2025 Last date for depositing Tax Deducted at Source or Tax Collected at Source for December 2024. January 30, 2025 Last date …

10 income tax changes in 2024: What you need to know for filing ITR in 2025
3 months ago

10 income tax changes in 2024: What you need to know for filing ITR in 2025

India Today  

The year 2024 brought significant changes to income tax laws, altering how taxpayers will approach filing their Income Tax Returns in 2025. These reforms—ranging from revamped tax slabs to new rules for capital gains and TDS—promise to impact how you plan, save, and file your Income Tax Return in 2025. REVISED INCOME TAX SLABS UNDER THE NEW REGIME The new …

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, 2 weeks 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 …

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 …

Cashing in on the bitcoin rally? Don’t forget your advance tax and reporting obligations
4 months, 2 weeks ago

Cashing in on the bitcoin rally? Don’t forget your advance tax and reporting obligations

Live Mint  

Bitcoin is in the news again, and its meteoric rise has set Indian traders abuzz, pushing the cryptocurrency to a record-breaking $89,828—up a remarkable 112% this year. With a 1% TDS deducted on sales of these virtual digital assets, transactions appear on Form 26AS, making unreported crypto income a potential tax pitfall. Gains from virtual digital assets must be included …

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, 4 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 …

Income tax deadlines in April 2024: Know essential dates as per IT department
11 months, 4 weeks ago

Income tax deadlines in April 2024: Know essential dates as per IT department

Hindustan Times  

Income tax deadlines: India’s financial year system follows the April to March cycle- starting on April 1 and ending on March 31 the following year. Income tax deadlines: Here's a look at the tax calendar for April 2024 as per the income tax department. Here's a look at the tax calendar for April 2024 as per the income tax department: …

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today
1 year, 8 months ago

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today

Live Mint  

On the occasion of 164th Income Tax Day celebrations, Finance Minister Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. @nsitharaman will preside over the 164th Income Tax Day celebrations in the presence of Union Minister of State for Finance Shri @mppchaudhary, tomorrow, 24th July 2023, from 18.00 Hours IST onwards at Plenary Hall, …

10 Income Tax Rules That Are Changing From April 1, 2023
2 years ago

10 Income Tax Rules That Are Changing From April 1, 2023

News 18  

The income tax laws have undergone numerous changes, and they will take effect this fiscal year. Some of the main changes that will take effect on April 1, 2023, include raised tax rebate limits, changes to income tax slabs, and the elimination of the LTCG tax benefit on certain debt mutual funds. Let’s examine the changes:- 1) New income tax …

TDS on Cryptos: Know How Much Govt Has Earned So Far
2 years ago

TDS on Cryptos: Know How Much Govt Has Earned So Far

News 18  

Virtual digital assets, including cryptocurrencies, attract 1 per cent of tax deducted at source. Finance Minister Nirmala Sitharaman in the Union Budget 2022 had introduced the provision of tax deducted at source at 1 per cent levied on payments made on transfer of virtual assets. According to a CBDT notification, “The new section mandates a person, who is responsible for …

Navigating the complexities of crypto taxation in India
2 years ago

Navigating the complexities of crypto taxation in India

Live Mint  

There is an adage which encapsulates the process of taxation, and it goes thus: the only two things certain in life are death and taxes. Navigating crypto from a tax angle We believe that Indian crypto investors can become tax compliant and plan their investments better by following certain principles. Building a crypto portfolio: India’s crypto tax regime does not …

Advance tax, PAN-Aadhaar linking: Important dates to lookout for in March
2 years ago

Advance tax, PAN-Aadhaar linking: Important dates to lookout for in March

Live Mint  

There are various financial deadlines that one needs to know before it ends on March 31, which ranges from PAN-Aadhaar linking, to payment of advance tax. Here's a list of things that one needs to look out for: PAN-Aadhaar linking The Income Tax Department has made it mandatory for PAN holders to link it with Aadhaar by the end of …

New ITR Forms For AY 2023-24: Know The Key Changes
2 years, 1 month ago

New ITR Forms For AY 2023-24: Know The Key Changes

Live Law  

On February 10, 2023, the Central Board of Direct Taxes announced the tax return forms for the financial year 2022–2023.This year, ITR forms were announced in advance, which is a very positive step toward making compliance easier. The disclosure and reporting requirements on tax return forms will be better understood by taxpayers.Here are the key changes:Separate section for. Here are …

CBDT Notifies ITR Forms For Assessment Year 2023-24
2 years, 1 month ago

CBDT Notifies ITR Forms For Assessment Year 2023-24

Live Law  

The Central Board of Direct Taxes has notified the ITR forms for the assessment year 2023–24.The Board has notified the Income-tax Rules, 2023, which shall come into force with effect from April 1, 2023.The Board has notified the Indian Income Tax Return Forms, namely ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, and ITR-V, and the Indian Income Tax. The …

Budget 2023 Updates: FM offers no relief for crypto industry as 30% flat tax continues
2 years, 1 month ago

Budget 2023 Updates: FM offers no relief for crypto industry as 30% flat tax continues

India Today  

The 2023 Union Budget has brought with it great news for the middle class with a revised tax slab offering income tax concessions to the middle class. Finance Minister Nirmala Sitharaman announced a flat 30 percent tax on crypto in the previous budget which wasn't revised during this year’s session. Not good for our country and those building in this …

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
2 years, 2 months ago

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Firstpost  

Cryptocurrencies have been gaining momentum worldwide for the past two years, making big headlines. Tax on VDAs The Union Budget of India in 2022 has introduced a system of taxation on virtual digital assets with a 30 percent tax on gains and 1 percent on Tax Deducted at Source. Need for a progressive approach to taxation The crypto industry is …

Finally, clarity coming soon on GST on crypto
2 years, 4 months ago

Finally, clarity coming soon on GST on crypto

Live Mint  

NEW DELHI : Clarity on applying goods and services tax on crypto or virtual digital assets appears to be around the corner, with the Central Board of Indirect Taxes and Customs working on an agenda paper on the topic. “CBIC has been asked to prepare an agenda paper on GST on crypto assets… While currently GST is being levied on …

CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation
2 years, 6 months ago

CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation

Live Law  

The Central Board of Direct Taxes has notified Form ITR-A for filing the modified income tax return under Section 170A of Income Tax Act, 1961 pursuant to business reorganisation. As per the newly inserted Rule 12 AD, the modified return of income to be furnished by a successor entity to a business reorganisation, as referred to in Section 170A, shall …

Crypto india regulation tax income tds understand sector first why others should take note
2 years, 7 months ago

Crypto india regulation tax income tds understand sector first why others should take note

ABP News  

Cryptocurrencies have been in the spotlight ever since the Supreme Court removed the blanket ban on them in early 2020. India, despite being a late entrant, embraced the crypto world with open arms and today there are as many as 27 million Indians who hold crypto assets, largely from Tier II and Tier III cities. A close observation of the …

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?
2 years, 8 months ago

Crypto Winter, Tax Rules Cast Shadow on India Business; Can They Still be Called Safe?

News 18  

Indian investors had readily accepted cryptocurrency as a brilliant means to invest especially after the Bitcoin boom that happened a few years back. With its not-so-accepting approach to cryptocurrencies, the government during Budget 2022 inserted a new Section under the Income Tax Act, whereby income from virtual digital assets would be taxable at the rate of 30 per cent, while …

PAN-Aadhaar Linking, Income Tax, Credit Card Rules: 6 Money Rule Changes from Today
2 years, 8 months ago

PAN-Aadhaar Linking, Income Tax, Credit Card Rules: 6 Money Rule Changes from Today

News 18  

The new month has kicked in and from July 1, there will be a host of financial changes in financial matters. From PAN-Aadhaar linking, income tax rule changes, to TDS on cryptocurrencies and LPG cylinder price drop, here are some of the money rule changes from July 1. 2. Credit Card Rules Change From July 1, rules relating to issuance, …

Income tax rules: Three changes from today — explained
2 years, 9 months ago

Income tax rules: Three changes from today — explained

Live Mint  

Income tax rules: After ushering in Q2FY23, three major changes in the income tax rules proposed in the union budget 2022 have become a reality. Meanwhile, from today, 10 per cent TDS on monetary benefits received via sales promotion on social media influencers and doctors has become applicable as well. Here we list out 3 important changes in income tax …

Credit Card, Income Tax Rules, TDS on Crypto: 5 Finance Rule Changes From July 1
2 years, 9 months ago

Credit Card, Income Tax Rules, TDS on Crypto: 5 Finance Rule Changes From July 1

News 18  

Financial Changes from July 1: The month of July is going to kick in soon, and this means there will be a host of changes that will affect your money matters. From credit card rules change, income tax rule change, to TDS on cryptocurrencies, a host of new financial rules in July are about to set in. Here are Five …

TDS On Crypto Assets From July 1: Income Tax Dept Issues Guidelines; Know Rules Here
2 years, 9 months ago

TDS On Crypto Assets From July 1: Income Tax Dept Issues Guidelines; Know Rules Here

News 18  

The Central Board of Direct Taxes has issued detailed guidelines on the levy of tax deducted at source on virtual digital assets or crypto assets, which will be effective July 1. The CBDT said, “This deduction is not required to be made in the following cases:- the consideration is payable by a specified person and the value or aggregate value …

Crypto tax in India: Cryptocurrency investors must know these big changes
2 years, 11 months ago

Crypto tax in India: Cryptocurrency investors must know these big changes

India Today  

In good news for cryptocurrency investors, the government would come up with a list of frequently asked questions on taxation of cryptocurrencies to provide a clarification on the applicability of income tax and Goods and Services Tax on virtual digital assets, according to a PTI report. The Department of Economic Affairs, the Revenue Department and the Reserve Bank are working …

ITR filing: Income tax rules for crypto, virtual digital assets you should know
2 years, 11 months ago

ITR filing: Income tax rules for crypto, virtual digital assets you should know

Live Mint  

The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said. The DEA, Revenue Department and the Reserve Bank are working to ensure that the taxation aspect is clear both for field tax offices as well as those who …

ITR Filing, Higher TDS, Tax on Crypto: 5 Income Tax Rules that Change from Today
2 years, 11 months ago

ITR Filing, Higher TDS, Tax on Crypto: 5 Income Tax Rules that Change from Today

News 18  

Income Tax Rules Change: April 1 marks the beginning of a new financial year, and this means that several rules in the finance front are usually changed during this period. This year is no exception too, as a set of new income tax rules have come into effect from April 1, that is today. This year, many changes related to …

New Income Tax Rules from April 1: Cryptocurrency Tax, PF, Revised ITR Form, Key Changes
2 years, 11 months ago

New Income Tax Rules from April 1: Cryptocurrency Tax, PF, Revised ITR Form, Key Changes

News 18  

Even as the new financial year is starting from Friday, so are the new income tax and other rules. Updated ITR on Payment of Additional Tax In the Budget Speech, Sitharaman also announced to allow taxpayers to correct any discrepancy or omissions in their income tax returns within two years of filing these, from April 1. No ITR Needed for …

This is how cryptocurrency assets will be taxed from April 1 in India. 10 points
3 years ago

This is how cryptocurrency assets will be taxed from April 1 in India. 10 points

Live Mint  

Cryptocurrency assets will be taxed: From 1st April 2022, some changes in the income tax rules announced by Finance Minister Nirmala Sitharaman while presenting Union Budget 2022 will get implemented. Nirmala Sitharaman in the Union Budget 2022 announced that “any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent.” “The new …

Crypto Tax rules in India: How will cryptocurrency assets be taxed from April 1?
3 years ago

Crypto Tax rules in India: How will cryptocurrency assets be taxed from April 1?

India Today  

Cryptocurrency investors in India will have to pay tax under the new scheme for Taxation of Virtual Digital Assets from April 1. Financial Minister Nirmala Sitharaman in the Union Budget 2022 announced that "any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent." The minister also added that in order to …

Crypto tax rules: Should you sell your crypto assets before Mar 31?
3 years ago

Crypto tax rules: Should you sell your crypto assets before Mar 31?

Live Mint  

The Indian government has tightened bolts for trading in cryptocurrencies. On Friday, Lok Sabha approved taxation rules on virtual digital assets or "crypto tax" that was proposed in Budget 2022-23 by clearing the Finance Bill 2022. Under the bill, section 115BBH deals with taxes on virtual digital assets, while clause prohibits setting off a loss from crypto assets against income …

Cryptocurrency tax, bill in India: What we know so far
3 years ago

Cryptocurrency tax, bill in India: What we know so far

India Today  

The cryptocurrency tax and proposed regulation bill have been a topic of discussion among investors and stakeholders in India for sometime. The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing the set off of any losses with gains from other virtual digital assets, according to a PTI report. FINANCE BILL, 2022 As per the …

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points
3 years ago

Crypto Tax in India: Date, income tax, ITR form, TDS, deduction | Key points

India Today  

As the ongoing financial year 2021-22 draws to a close, there has been a lot of chatter pertaining to crypto-tax in India. The central government in Union Budget 2022 proposed the introduction of a specific tax regime for virtual digital assets. INCOME TAX ON DIGITAL ASSETS FM Sitharama proposed that "any income from the transfer of any virtual digital asset …

Crypto Mining Cost Not To Be Allowed As Deduction Under I-T Act: Minister of State for Finance Pankaj Chaudhary
3 years ago

Crypto Mining Cost Not To Be Allowed As Deduction Under I-T Act: Minister of State for Finance Pankaj Chaudhary

ABP News  

New Delhi: Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the income tax act, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to the Lok Sabha, Chaudhary said the government will come out with a definition of virtual digital assets with a …

Budget 2022: Implications of crypto tax regime on common investor
3 years, 1 month ago

Budget 2022: Implications of crypto tax regime on common investor

Firstpost  

After months of speculation and waiting, the crypto ecosystem finally has a nod from the Government of India albeit in terms of a tax regime. With crypto being accorded the highest tax slab for any asset class at 30 percent and the implementation of a 1 percent TDS on bigger trades, investors may feel the pinch if they react to …

ITR column for Cryptocurrency Income: All you need to know
3 years, 1 month ago

ITR column for Cryptocurrency Income: All you need to know

India Today  

Income tax return forms from next year will feature a separate column for making disclosures on gains made from cryptocurrencies and paying taxes. GAINS FROM CRYPTOCURRENCIES Revenue Secretary Tarun Bajaj said gains from cryptocurrencies were always taxable and what the Budget proposed is not a new tax but providing certainty over the issue, according to a PTI report. CRYPTO COLUMN …

Discover Related