Tag : Tax

Indian Government Working on How GST Tax Could Be Applied...

Indian finance ministry Nirmala sitaraman is reportedly working on Crypto Tax that could apply to crypto transactions. 

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Binance sides with Indian regulators in WazirX fallout...

Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny.

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The BACC has asked the NPCI to restore the UPI service...

The local crypto-focused organization has sought time for a meeting to discuss the issue and understand the regulator's concerns. 

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GST Council to consider 28% GST on Cryptocurrencies in...

Goods and Service Tax (GST) Council is considering 28 % GST on cryptocurrencies and related services. 

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India eyes 20% taxation on DeFi gains

India's tax department wants to implement a 20% tax on DeFi gains that could be withdrawn from the source. 

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Trading volume on Indian crypto exchanges plunges as 30%...

Payment services providers have also cut ties with giant crypto exchanges despite having the same rate for gambling and fantasy sports...

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Coinbase suspends crypto payment services in India just...

America's giant exchange has suspended some payment services on its newly launched Indian exchange due to pressure from the local...

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India's digital currency to take 'Very Calibrated, Graduated'...

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency,...

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Indian crypto exchanges reports sharp drop in transaction...

The new crypto tax came on April 1, and Indian digital asset exchanges have had a sharp fall in transaction volumes. 

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Indonesia to introduce 0.1% crypto VAT and income tax from...

Indonesia introduce a 0.1% crypto VAT tax as well income tax of the same rate on May 1

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Coinbase ventures in plans to invest in Indian crypto and...

Coinbase ventures, an crypto exchange will pitching event in Bengaluru to help accelerate India's financial inclusion goals via crypto...

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Indian parliament member asks government to increase crypto...

An Indian parliament member has urged the government to increase the tax on crypto income from the recently proposed rate of 30%,...

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Proposal for crypto tax policy to go in Indian parliament...

India's finance minister in February. the amendment to existing laws proposed a 30% tax targeting digital asset transactions. 

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Indian Crypto tax policy to clarifies that every digital...

The government aim to treat each crypto trading pair transaction separately, deterring traders as it would only tax their profits...

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Indian government provides little legal clarity for crypto...

The Indian government recently declared that a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility. 

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