India’s Stiff Crypto Tax Legislation Becomes Law
Amendments sought by the crypto industry were not accommodated and the policies will go into effect on April 1. Original Source
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Indias
India’s new tax policies could prove fatal for crypto industry
Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The proposed 30% crypto tax is the highest in the country and is equivalent to the
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India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
“For short-term investors who are into day trading, margin trading, arbitrage trading, the 1% TDS becomes infeasible. The majority of the population is still waiting on the fence, once we see the bill then we should see exponential growth. India is very rich in talent. Most tech-savvy people are here.
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India’s Proposed Crypto Tax Rules Likely to Become Law Thursday
Any easing of the government's stance on crypto taxation will be contained in amendments to the bill. Source
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Dogecoin Price Falls As India’s Central Bank Bans Cryptos
This morning, the cryptocurrency market saw a significant headline that caused Dogecoin’s price action to drop. The Indian Central Bank came out with firm rejection against adopting cryptocurrencies in the country. There was an announcement from India’s Central Bank (RBI) calling cryptocurrencies “a tool which will wreak havoc on our
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CoinDCX chimes in on India’s growing blockchain needs
CoinDCX has partnered with the Birla Institute of Technology & Science Pilani for crypto research, development and innovation among students, the crypto exchange said in a statement on Tuesday. See related article: India’s blockchain courses ramp up to meet demand for learning Fast facts Over 100 students are expected to be trained in
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India’s blockchain courses ramp up to meet demand for learning
India’s premier institutes are experiencing surging demand for tailor-made blockchain courses as education providers ramp up offerings for the growing industry. Most existing courses are offered to full-time students or on public platforms, ranging from general overviews to in-depth discussions on blockchain technology and cryptocurrency trading. Finance Minister Nirmala Sitharaman announced in
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India’s Crypto Advertising Guidelines Are Out
The Advertising Stands Council of India (ASCI) has released guidelines for crypto or virtual digital assets related advertisements, which will be applicable on or after April 1. Earlier advertisements must not appear in the public domain unless they comply with the new guidelines after April 15, 2022. Source
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India’s crypto tax provides little legal clarity for traders and exchanges
Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities.The proposal includes a 30% income tax on crypto returns and a 1% tax deducted at source (TDS) by crypto exchanges on transactions above
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India’s Crypto Tax May Curb Excessive Speculation, Bring Institutional Demand
Earlier this week, Finance Minister Nirmala Sitharaman announced that profits from the sale of virtual assets would be taxed at a flat rate of 30% without any deductions or exemptions. The rate is on par with the highest income tax band, which applies to individuals earning more than 1.5 million
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