Government will change tax laws in the budget to tax cryptocurrency gains

New Delhi: The government is considering changes in income tax laws to bring cryptocurrencies under the tax net, some changes that could become part of next year’s budget, a top official said. Revenue Secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on income from cryptocurrencies, … Read more

Crypto representatives say ban unlikely to help, call for regulation

(This story was originally published in . on November 16, 2021) New Delhi: Suggesting that a ban may not help, industry representatives on Monday told a parliamentary standing committee that cryptocurrencies should be regulated as they cannot be stopped, with some panel members raising concerns about security and investors. amid concerns over conservation. The Parliamentary … Read more

Union Budget: Finance Ministry invites suggestions on taxation from industry and trade bodies

The Finance Ministry has sought suggestions on taxation from industries and trade bodies for the Budget for 2022-23, which is going to set the tone for the growth of India’s economy hit by the COVID-19 pandemic. In a communication to trade and industry associations, the ministry invited suggestions for broadening the duty structure, rates and … Read more