Crypto TDS (tax) rules come into place: Four changes to note from today

The rules regarding tax deducted at source (TDS) on virtual digital assets have come into effect starting July 1. This comes after the government levied a 30 per cent flat income tax on cryptocurrencies from April 1. During this time, the government also announced the imposition of a TDS of 1 per cent. However, traders … Baca Selengkapnya

After govt clarity on TDS, will it be smooth sailing for crypto in India?

. The troubles for India’s crypto industry seem to be never-ending. On February 1st, in the Union Budget, the government decided to impose a 30% tax on income from cryptocurrencies from the new financial year and a 1% TDS on all crypto transactions starting July 1st. . … Baca Selengkapnya

Crypto success – The Hindu BusinessLine

The Centre’s move to tackle speculation in the highly volatile and risky cryptocurrencies through the imposition of punitive taxes came in for much criticism from investors but it has actually helped protect them. The global sell-off in risky assets caused by central bank tightening has resulted in a sharp decline in the prices of cryptocurrencies … Baca Selengkapnya