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Virtual Digital Assets

How Is Income From Virtual Digital Assets (VDAs) Such As Cryptos, Non-Fungible Tokens (NFTs) Taxed?  

With the growing popularity of cryptocurrencies and non-fungible tokens (NFTs), understanding the tax liabilities of these assets is crucial. Learn more.

14 July 2023

Cryptocurrency

Cryptocurrency Should Be Classified As Regulated Asset Class. What Experts Are Saying

Cryptocurrency experts seek to delink cryptos with the general view as a highly speculative instrument and want them classified as a regulated asset for the benefit of retail investors.

14 January 2023

Latest Crypto News: CoinDCX Releases Proof of Reserve; US Lawmaker Backs Crypto Ban

Here are some latest developments in the crypto space.

19 December 2022

Linking TCS With TDS: How Will It Help Taxpayers?

The government considers linking tax calculated at source (TCS) with tax deducted at source (TDS) to dispel concerns about separate tax collections.

27 May 2023

Cryptocurrency

Impact Of 30% Tax On Crypto Assets A Year On, And Industry’s Expectations From Budget 2023

Here’s what tax experts have said on the 30 per cent tax on virtual digital assets after almost a year since it was implemented, and the industry’s expectations from Union Budget 2023

07 January 2023

Government Gets Rs 60.46 Crore Tax From TDS

Government Gets Rs 60.46 Crore Tax From TDS On Virtual Digital Assets

The government, from April 1, has brought in a 30 per cent income tax plus surcharge and cess on the transfer of crypto assets, like Bitcoin, Ethereum, Tether and Dogecoin

13 December 2022

Latest Crypto News: Cryptocurrency Trade Now Under PMLA Act, Silvergate To Liquidate Assets 

Here are some recent developments in the crypto world. 

09 March 2023

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Latest Crypto News: Terrorism Changed From ‘AK-47 To Virtual Assets’, Says Amit Shah; Indian-American Held In $10 Million Crypto Fraud

Here are some of the major crypto happenings of the past few days

19 November 2022

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18 October 2022
Planning To Gift NFTs, Crypto, VDAs This Diwali? Here’s All You Need To Know About Taxation, Too

Planning To Gift NFTs, Crypto, VDAs This Diwali? Here’s All You Need To Know About Taxation, Too

You might be thinking of gifting virtual digital assets, such as cryptocurrencies and non-fungible tokens (NFTs) this Diwali. But do take care of the taxation...


17 October 2022
Crypto Industry Reacts To Sitharaman’s ‘Not Against Blockchain, But Wary Of Misuse’ Comment

Crypto Industry Reacts To Sitharaman’s ‘Not Against Blockchain, But Wary Of Misuse’ Comment

A day after Union Minister of Finance Nirmala Sitharaman spoke of India’s stance on crypto on the sidelines of a summit in the US, we spoke to the...


16 September 2022
India Ranks Fourth On Global Crypto Adoption Index, Traders Switch To Overseas Exchanges

India Ranks Fourth On Global Crypto Adoption Index, Traders Switch To Overseas Exchanges

People in lower- and upper-middle-income brackets in emerging countries are most likely to invest in cryptocurrencies, says crypto analysis firm, Chainalysis,...


26 July 2022
Crypto, NFT Banning Can Be Effective Only After Global Collaboration: Finance Ministry

Crypto, NFT Banning Can Be Effective Only After Global Collaboration: Finance Ministry

Union Minister of State for Finance Pankaj Chaudhary said that any legislation for regulation or for banning cryptocurrencies and non-fungible tokens (NFTs)...


16 July 2022
GameFi Bringing More Gaming Companies Into Blockchain Technology, Says Binance Report

GameFi Bringing More Gaming Companies Into Blockchain Technology, Says Binance Report

Binance has in its half-yearly research report 2022 said that the number of GameFi projects has continued to rise and had reached 1,551 games as of June 2022.


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05 July 2022
TDS Clips Crypto's Wings: Trading Volumes On Indian Exchanges Nosedive By 82%

TDS Clips Crypto's Wings: Trading Volumes On Indian Exchanges Nosedive By 82%

Major crypto exchanges such as WazirX, ZebPay, and CoinDCX see trading volumes in red.


02 July 2022
CBDT Notifies Exclusion Of Gift Cards, Loyalty Points, Others From Crypto Tax, Bitcoin Down 6%

CBDT Notifies Exclusion Of Gift Cards, Loyalty Points, Others From Crypto Tax, Bitcoin Down 6%

CBDT has notified that some virtual digital assets will be excluded from the definition of crypto VDA taxation ambit. Meanwhile, the crypto markets have hit...


30 June 2022
TDS On Crypto, PAN-Aadhaar Link, And Work Days Among Other Changes Effective From July 1

TDS On Crypto, PAN-Aadhaar Link, And Work Days Among Other Changes Effective From July 1

Here are five significant financial and operational changes that will go into effect from July 1.


23 June 2022
TDS On Crypto Transactions: Here Are Some FAQs Answered For Investors

TDS On Crypto Transactions: Here Are Some FAQs Answered For Investors

The Central Board of Direct Taxes (CBDT) has come up with some detailed clarifications with examples regarding crypto transactions both via peer-to-peer...


22 June 2022
CBDT Notifies TDS Disclosure Requirements For Cryptos, Virtual Digital Assets

CBDT Notifies TDS Disclosure Requirements For Cryptos, Virtual Digital Assets

From July 1, tax deducted at source of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as...


13 April 2022
Shiba Inu Surges By 20% In Trading; Know The Possible Reasons Here

Shiba Inu Surges By 20% In Trading; Know The Possible Reasons Here

Shiba Inu, which is built on top of the Ethereum (ETH) blockchain, surged by 20 per cent in the early hours of trading today. There are several possible...


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04 April 2022
10 New Changes In Income Tax Rules That You Should Know

10 New Changes In Income Tax Rules That You Should Know

The government introduced a list of changes to the existing income tax rules from April 1, 2022. Here’s the list


31 March 2022
Crypto Assets To Come Under Income Tax Ambit From April 1. This Is How They Will Be Taxed

Crypto Assets To Come Under Income Tax Ambit From April 1. This Is How They Will Be Taxed

Gains from virtual digital assets like cryptocurrencies and non-fungible tokens (NFTs) will come under income tax ambit from April 1 as the new financial year...


29 March 2022
Exclusive News Footage of PM Modi, Amitabh Bachchan on CrossTower’s Global NFT Marketplace

Exclusive News Footage of PM Modi, Amitabh Bachchan on CrossTower’s Global NFT Marketplace

NFT marketplace launched today in association with Hollywood movie, Antara, offers buyers and collectors exclusive news footage of Prime Minister, and Amitabh...


25 March 2022
Lok Sabha Passes Finance Bill 2022

Lok Sabha Passes Finance Bill 2022

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set-off of any losses with gains from other virtual...


28 February 2022
Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Digital rupee is likely to cater to the educated and technology-savvy users, but the replacement of extant modes like cash and traditional banking is...


26 February 2022
How Deep Is The Indian Crypto Advertisement Market?

How Deep Is The Indian Crypto Advertisement Market?

Advertising Standards Council of India (ASCI) has introduced a set of 12 guidelines for the advertisement and promotion of virtual digital assets, including...


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