Reward points, e-vouchers out of crypto tax ambit
India will provide a specific exclusion for e-vouchers, points earned on cards on shopping and payments, and other such digital reward assets from the proposed tax on virtual digital assets…
FAQ on taxation of crypto, virtual digital assets in works
The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an…
Payments received in cryptocurrencies set to face GST complications
Individuals who had provided services to clients outside India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the goods and services tax…
Govt working on classification of cryptocurrency under GST law
The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions. Currently, 18…
Crypto tax in India spurs bonanza for digital-coin bourses
India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX, India’s largest crypto bourse,…
