virtual digital assets

Finance minister Nirmala Sitharaman on Thursday called on the group of 20 major economies to consider bringing non-financial assets like crypto-currencies under the ambit of the automatic exchange of information mechanism among countries…

NEW DELHI: The income tax department on Tuesday said both buyer and seller will have to withhold taxes for transactions involving an exchange of one virtual asset for another. Issuing a further set of clarification, the Central Board of…

The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. From July 1, tax deducted at source…

Employers will have to pay 30% tax on virtual digital assets (VDAs) such as cryptocurrencies they offer to their employees as compensation or otherwise. This is among detailed clarifications the government is expected to issue this week…