taxes sell set token exchanges deduction step das rules rate gains pmla cent work deducted 2022 including platform solana bis meaningful deliberations minister assets ethereum policy gift financial live nations

Articles for Vdas

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

India Tax Cryptocurrency Crypto Capital Cryptocurrencies Capital Gains
Govt has no timeline for regulatory guidelines for Virtual Digital Assets
1 week, 1 day ago

Govt has no timeline for regulatory guidelines for Virtual Digital Assets

Live Mint  

New Delhi, December 16 : The government on Monday informed Lok Sabha that there is no anticipated timeline for the introduction of comprehensive regulatory guidelines for the Virtual Digital Assets industry in India. The government was asked by two members of Parliament whether it was taking steps to establish a comprehensive regulatory framework for the Virtual Digital Assets industry. The …

India Crypto Regulatory Assets G20 Vda Crypto Assets
Crypto industry 'disappointed' as it finds no mention in Budget
5 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 …

Industry Budget Crypto Tds Vda Crypto Industry
Budget Highlights 2024: Govt to lay white paper on economic performance
10 months, 3 weeks 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 …

Budget
28 virtual digital asset service providers register with Centre
1 year ago

28 virtual digital asset service providers register with Centre

Deccan Chronicle  

New Delhi: The government on Monday declared that as many as 28 virtual digital assets or VDA service providers, including WazirX, Coin DCX and Coin Switch, have registered themselves with the Financial Intelligence Unit-India. As per the finance ministry, entities dealing in VDAs, crypto exchanges and intermediaries would be considered ‘reporting entity’ under the Prevention of Money Laundering Act. To …

Vda Crypto Exchanges
Virtual digital assets: Lessons from global trends in regulation
1 year, 3 months ago

Virtual digital assets: Lessons from global trends in regulation

Live Mint  

Leading international organizations have recently produced policy notes on crypto-assets, also known as virtual digital assets as per the Finance Act of 2022. Given BIS's considerable influence, its observations are expected to significantly impact upcoming G20 discussions on virtual digital assets. BIS has outlined three high-level policy options concerning virtual digital assets in its recent paper: 1) an outright ban, …

India Japan Financial Regulation Crypto Regulatory Assets
India’s G20 presidency: For Virtual Digital Assets
1 year, 4 months ago

India’s G20 presidency: For Virtual Digital Assets

Hindustan Times  

Virtual Digital Assets were, for the longest period, considered forbidden fruits, capable of causing financial instability and compromising transactional integrity. An SOP focused on the four priority areas - Consumer and Investor Protection, Access to Law Enforcement Agencies to Address Fraudulent Practices, Regulatory Arbitrage and Financial Stability – holds the potential to address the existing lacunae in the VDA framework. …

India Regulation Enforcement Regulatory Assets G20 Law Enforcement Agencies
Cryptos Under PMLA: A Move To Go A Long Way Towards Empowering Legitimate Businesses
1 year, 8 months ago

Cryptos Under PMLA: A Move To Go A Long Way Towards Empowering Legitimate Businesses

News 18  

Earlier this month, the finance ministry notified that certain activities relating to virtual digital assets, including cryptocurrencies, will be brought under the ambit of the Prevention of Money Laundering Act, 2002. Now, service providers in this space, specifically VDA exchanges and wallet operators, need to conduct due diligence activities, including reporting suspicious transactions/ activities related to the sale or purchase …

India Money Laundering Money Act Laundering Pmla Vda
Budget 2023 Updates: FM offers no relief for crypto industry as 30% flat tax continues
1 year, 10 months 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 …

India Tax Crypto Indian Updates Fm
Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain
2 years ago

Cryptocurrency Price Today: Dogecoin, Ripple, Litecoin All In Red While Solana Registers Gain

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

Price Stood Gain Crypto
Cryptocurrency News Live: Reds Dominate Charts As Market Still Copes With FTX Meltdown
2 years, 1 month ago

Cryptocurrency News Live: Reds Dominate Charts As Market Still Copes With FTX Meltdown

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

Market Crypto
Gifting NFTs, Crypto, VDAs This Diwali? Recipients Can Be Taxed On Certain Items. Know More
2 years, 2 months ago

Gifting NFTs, Crypto, VDAs This Diwali? Recipients Can Be Taxed On Certain Items. Know More

ABP News  

Exchanging gifts during Diwali has become part and parcel of the festival as it brings a smile to our face. Certain gifts received can attract tax under the existing Income Tax law. Crypto tax Finance Minister Nirmala Sitharaman in her Union Budget speech this year announced that from April 1 all forms of VDA or crypto assets that are sold …

Tax Digital Diwali Income Digital Assets 30 Per Cent Nfts
Cryptocurrency News Live: Bitcoin, Ethereum, Majority Altcoins Show Signs Of Recovery
2 years, 5 months ago

Cryptocurrency News Live: Bitcoin, Ethereum, Majority Altcoins Show Signs Of Recovery

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

Market Crypto Live Bitcoin
Confused About Which NFTs Are Virtual Digital Assets? Finance Ministry's CBDT Clears the Air
2 years, 5 months ago

Confused About Which NFTs Are Virtual Digital Assets? Finance Ministry's CBDT Clears the Air

News 18  

The Central Board of Direct Taxes, which is part of the Ministry of Finance’s revenue division, has said that only NFT trades without a concurrent sale of the underlying physical asset will be subject to the tax rates laid forth for virtual digital assets. In the notification, CBDT said: “The Central Government hereby specifies a token which qualifies to be …

Asset Token Nfts Cbdt Ownership Transfer Vdas
Cryptocurrency News Live: BAYC NFTs Get Featured On Eminem, Snoop Dogg's Latest Music Video
2 years, 5 months ago

Cryptocurrency News Live: BAYC NFTs Get Featured On Eminem, Snoop Dogg's Latest Music Video

ABP News  

Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the …

Market Crypto
Crypto tax: A laudable move but government should engage in meaningful deliberations with stakeholders
2 years, 10 months ago

Crypto tax: A laudable move but government should engage in meaningful deliberations with stakeholders

Firstpost  

To put the prevailing apprehensions at rest, the Modi government should hold talks with all stakeholders, both on the taxability of virtual digital assets and their future legal position in India Union Budgets are known for making news. Placing VDAs at par with gambling and betting, the Finance Bill proposes to tax gains earned on the transfer of VDAs at …

Finance India Tax Public Consultation Budget Consultation Crypto