Posts on the Topic India

Cryptocurrencies in India are classified as Virtual Digital Assets (VDAs) and taxed at a flat rate of 30%, with a 1% TDS on sales, requiring careful compliance from investors. Only the purchase cost can be deducted against gains, complicating tax...

Crypto taxation in India, effective from April 1, 2022, classifies cryptocurrencies as virtual digital assets (VDAs) and imposes a flat tax rate of 30% on income generated from crypto transactions along with additional surcharges and cess. The government also introduced...

The legality of Bitcoin trading in India is currently ambiguous, with no explicit ban but a lack of clear regulations, leaving traders to operate in uncertainty. The Cryptocurrency and Regulation of Official Digital Currency Bill seeks to establish a regulatory...