India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow…
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India Will Wait for a Global Consensus on Crypto to Regulate the Industry (Report)
The second-most populated nation will reportedly implement a regulatory framework on cryptocurrencies only after a global consensus on the matter. According to a person familiar with the matter, the Indian…
30% crypto tax becomes law in India following Finance Bill approval
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1.
Indian MP: Bad Crypto Regulations Will Cause Innovation Exodus
As declared by Union Budget 2022-23, Indian cryptocurrency investors will have to pay tax under the new scheme for Taxation of Virtual Digital Assets from April 1. However, the current…
Indian state gov’t uses Polygon to issue verifiable caste certificates
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits.
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling.…
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11…
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains.
11 Crypto Exchanges Fined for Tax Evasion in FY22: Indian Minister
The evasion of Goods and Services Tax (GST) by crypto exchanges was figured in the Indian Parliament on March 28. Minister of State for Finance Pankaj Chaudhary informed that 11…
Indian Couple Dupes Bitcoin Investor Promising Higher Returns: Report
The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime…
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