After crypto crash & tax rollout, focus shifts to India’s Web3 play

(This story originally appeared in on Sep 03, 2022)As crypto evangelists and investors adapt to Indian tax rules and operational protocols, and the virtual currency market stabilises, the focus has…

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Crypto exchanges hunker down as everything goes wrong in India

India’s largest digital assets exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists. With token prices plummeting, customers unable to transfer money to their…

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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…

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Crypto mining cost not to be allowed as deduction under I-T Act: FinMin

Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the income tax act, Minister of State for Finance Pankaj…

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Unfolding global developments pose downside risks for Indian economy, RBI says

The Reserve Bank of India in its March 2022 Bulletin has said that the ongoing geopolitical crisis, i.e, the Russia-Ukraine war, has heightened the uncertainty clouding the global macroeconomic and…

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