In a first, the Madras High Court has ruled that cryptocurrency qualifies as “property” under Indian law. The case stemmed […]
Apex taxation authority has inquired with cryptocurrency stakeholders about the necessity of new virtual digital assets (VDA) legislation, its administrative
Union Finance Ministry told the Rajya Sabha on Tuesday that the Income Tax Department has sent over 44,000 emails and
In India, avoiding taxes on bitcoin, cryptocurrencies, and other virtual digital assets is becoming increasingly difficult. The Income Tax Department
Income tax collected from cryptocurrencies or Virtual Digital Asset (VDA) transactions was recorded at Rs 437.43 crore in FY24. This
Cryptocurrency, once a niche interest for tech enthusiasts, has rapidly evolved into a significant digital asset class in India. Even
The Income Tax Department has recently sent notices to thousands of individuals who failed to report their crypto income in
The Income Tax Department (ITD) has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed
The Central Board of Direct Taxes (CBDT) has launched a probe into possible tax evasion and laundering of unaccounted income
Rakesh (name changed) had sold crypto tokens worth Rs 98,500 through peer-to-peer (P2P) transactions for about Rs 100,000 back in
