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…
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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…
Crypto tax policy framework passes India’s parliament despite pushback from lawmakers
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.
Proposal for crypto tax policy in India will go to parliament on March 24
First announced by India's finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions.
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto…
Indian crypto tax policy to treat each digital asset investment independently
The government intends to treat each crypto trading pair transaction separately, deterring traders as the gov't would only tax their profits without accounting for the losses.
RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power.
RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency
The Indian government has told parliament that it does not have a plan to issue cryptocurrency to be regulated by the central bank, the Reserve Bank of India (RBI). The…
Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC
A runner and Bitcoin hodler from India is on a mission to travel to 40 countries in 400 days using Bitcoin only.
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