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India’s top legal experts say the crypto community would have a “fair chance” if they made a legal challenge to a 1% tax deducted at source enshrined in a new crypto tax law. On Wednesday ...
(SOUNDBITE) (Hindi) INDIAN PRIME MINISTER, NARENDRA MODI, SAYING:"Cryptocurrency or Bitcoin."India's government will slap a 30% tax, its highest taxband, on income from cryptocurrencies and other ...
Based on the public decision issued by the Ministry of Finance of Georgia in 2019, [161] crypto, by its very nature, is not "sourced" in any specific geographical location, meaning that it is not considered "Georgian sourced". This type of income would come under the 0% tax on capital gains derived from crypto trading laws. [citation needed] Kosovo
India’s taxation authority has proposed new changes to the filing of income tax returns that could have a significant impact on those holding virtual digital assets (VDAs) or cryptocurrencies or ...
The Crypto-Asset Reporting Framework (commonly referred to as CARF) is a global initiative led by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes which is intended to promoted the automatic exchange of information between countries to tackle emerging tax evasion risks related to cryptocurrency and digital assets.
It is the first crypto-related tax evasion investigation in India.
General anti-avoidance rule (GAAR) is an anti-tax avoidance law under Chapter X-A of the Income Tax Act, 1961 of India. [1] It is framed by the Department of Revenue under the Ministry of Finance. GAAR was originally proposed in the Direct Tax Code 2009 and was targeted at arrangements or transactions made specifically to avoid taxes.
It's "D" Day for India as the crypto community deals with the imposition of the most controversial tax provision today. Calculating the predicted impact of the tax will be a wait-and-watch game at ...