Today news
About the same in other media
Government to change tax laws in Budget to tax cryptocurrency gains
Reading now: 880
economictimes.indiatimes.comgovernment is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue Secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is «very clear» that the rate would be applicable as those in case of other services.
«We will take a call. I understand that already people are paying taxes on it.
Now that it has really grown a lot, we will see whether we can actually bring in some changes in law position or not. But that would be a Budget activity.
Read more on economictimes.indiatimes.comAbout this in other media
Income Tax Return: Along with tax on gains, software compatibility issues bother equity, MF investors financialexpress.com /3 years ago
Relevance of stamp duty value of property under income tax laws financialexpress.com /3 years ago
As Government Readies Cryptocurrency Bill, Coinstore Enters India ndtv.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
