Search For "crypto tax"
IT dept prepares to tax 30 per cent profits made on crypto transactions
Updated : 3 years, 11 months ago IST
New Delhi [India], March 31 (ANI): The Income Tax Department will keep a close eye on every transaction on crypto exchanges as the 30 per cent 'crypto tax' proposed in the Union Budget comes into effect from 1st April 2022.
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Lok Sabha approves 'crypto tax' amendments
Updated : 3 years, 11 months ago IST
New Delhi [India], March 25 (ANI): Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha on Friday passed the Finance Bill, 2022.
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Taxing cryptos does not mean it has been legalized, says Sitharaman
Updated : 4 years, 1 month ago IST
New Delhi [India], February 11 (ANI): Union Finance Minister Nirmala Sitharaman on Friday said the imposition of tax on digital assets should not be seen as a precursor of legalization of cryptocurrencies.
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Top 10 Crypto exchanges turnover over Rs 1 lakh cr, expect huge collection
Updated : 4 years, 1 month ago IST
New Delhi [India], February 3 (ANI): The imposition of 30 per cent tax on proceeds of digital assets, as announced in the Union Budget 2022-23, will lead to huge tax collections as the turnover of the top 10 crypto exchanges in the country is around Rs 1 lakh crore, said JB Mohapatra, Cha
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'Crypto tax': India imposes 30 per cent tax on income from digital assets
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): In a significant move to bring cryptocurrency transactions under the tax net, Union Finance Minister Nirmala Sitharaman on Tuesday announced that income from the transfer of any virtual digital asset shall be taxed at a rate of 30 per cent.
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30 pc tax on virtual digital assets will help regulate crypto, says Niti A
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): India going to be the first country to implement a digital rupee and a high tax on digital currency to be beneficial for middle-class investors as it sees frequent fluctuations, says Amitabh Kant, CEO of Niti Ayog on Tuesday.
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India introduces 'crypto tax' of 30 per cent
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman announced on Tuesday that income from digital asset transfers will be taxed at a rate of 30 per cent. This move is seen as 'crypto tax'.
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