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Crypto exchanges seek tax clarity as GST department intensifies crackdown

As the Indian government continues to deliberate the regulatory framework for cryptocurrencies and digital assets— the winter session of the parliament concluded on Dec....

Double taxation to hit NFT transactions

Taxman are reportedly examining the taxation of non-fungible tokens or NFTs, as first reported by Economic Times. NFT purchase or sale may soon be...

Income tax department seek trader info from crypto exchanges

Made gains in the recent crypto bull run? It is advisable to disclose the gains in your income tax returns. The tax department has...

GST: Tax department examining levy on foreign exchanges

Overseas cryptocurrency exchanges like Binance that provide services to customers in India may be subject to GST, a report on Economic Times said. The...

Tax dept examining equalisation levy on crypto assets

The income tax department is reportedly examining whether the 2% equalisation levy (popularly known as Google tax) is applicable on crypto assets bought online...

Parliamentary Standing Committee to meet crypto industry on Monday, Nov 15

Officials from the Indian crypto industry are invited to meet the Parliamentary Standing Committee on Finance this Monday, November 15, according to a public...

Govt fast tracks crypto law for the winter session of Parliament: report

The government is likely to move the long-awaited cryptocurrency bill during the upcoming winter session of Parliament, reported CNBC-TV18 on Monday. The winter session...

Law on cryptocurrencies to be introduced during budget session

India's long-awaited law to regulate cryptocurrencies is expected to be introduced in the Parliament during the upcoming budget session in February 2022, Finance Ministry...

Indian crypto firms block 2,00,000 accounts in the last six months

In the past six months, between April-September 2021, the top three cryptocurrency exchanges – WazirX, CoinSwitch Kuber and CoinDCX – have blocked over two...

National security to guide India’s crypto law: BJP MP Jayant Sinha

Jayant Sinha, chairman of the Parliamentary Standing Committee on Finance, said the parliamentary panel will consider the proposed legislation on cryptocurrencies with national security...
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