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3232India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms
https://www.digit.info/indias-tax-authority-asks-crypto-exchanges-for-details-of-coins-traded-on-their-platforms/
Tue, 01 Nov 2022 02:30:36 +0000https://www.digit.info/2022/11/01/indias-tax-authority-asks-crypto-exchanges-for-details-of-coins-traded-on-their-platforms/Read more]]>India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of […]
]]>India Considers Imposing 28% GST on All Crypto Transactions: Report
https://www.digit.info/india-considers-imposing-28-gst-on-all-crypto-transactions-report/
Tue, 10 May 2022 06:30:57 +0000https://www.digit.info/2022/05/10/india-considers-imposing-28-gst-on-all-crypto-transactions-report/Read more]]>The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert […]
]]>India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
https://www.digit.info/indias-crypto-trading-volume-plummets-as-new-tax-rules-enter-into-force/
Sat, 02 Apr 2022 14:00:50 +0000https://www.digit.info/2022/04/02/indias-crypto-trading-volume-plummets-as-new-tax-rules-enter-into-force/Read more]]>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 losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the […]
]]>Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
https://www.digit.info/indian-parliament-member-asks-government-to-tax-crypto-income-more-than-30/
Tue, 29 Mar 2022 05:35:01 +0000https://www.digit.info/2022/03/29/indian-parliament-member-asks-government-to-tax-crypto-income-more-than-30/Read more]]>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. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian Parliament Member Wants to […]
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of […]
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert […]
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 losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the […]
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. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian Parliament Member Wants to […]