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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
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Fake Billing Scam Worth Thousands Of Crores Unearthed: Punjab Minister
Punjab Finance Minister Harpal Singh Cheema has said an investigation by the state taxation department's enforcement wing exposed a fake billing scam worth thousands of crores.
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Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
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Apple Gets $105 Million Tax Bill in Japan for Bulk Sale of iPhone to Tourists: Report
The Tokyo unit of US technology giant Apple has been reportedly slapped with USD 105 million (14 billion yen) in additional taxes over bulk duty-free sales of iPhone smartphones and other Apple devices to foreign visitors. The report said that the Tokyo Regional Taxation Bureau found Apple Japan's approximately USD 1,04,16,84,000 (140 billion yen) ...
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How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
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CoinTracker Launches Services in India to Help Crypto Investors With Tax Compliance
One of the leading cryptocurrency tax compliance and portfolio tracking firms in the world, CoinTracker, has announced its India entry with an official product launch in a bid to help crypto investors track and gauge their tax liabilities at any time.
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Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
-
How Proposed 1% TDS On Crypto Transactions Will Work
The Lok Sabha today approved the Finance Bill, which gives effect to new taxation on transactions involving digital assets. The bill proposes a 30 per cent tax on capital gains out of virtual digital assets.
-
Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For FY-2023
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
-
Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For 2022-23
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
-
India's New Tax Rule On Crypto Losses "Detrimental," Says Exchange Chief
The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...
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Cryptocurrency Bill at Union Budget 2022: Here's What to Expect
The union government is unlikely to introduce any cryptocurrency regulation or bill in the upcoming budget session of parliament that end on April 8, but taxations rules for crypto holdings could be discussed soon as continued pressure for regulation begins to mount.
-
South Korea Pushes Back Plans to Tax Cryptocurrency Gains by a Year
The National Assembly of South Korea has passed a bill to push back crypto capital taxation by a year. The bill, for now, is set to be presented for clearance at a plenary session on December 2.
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Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
-
Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
Fake Billing Scam Worth Thousands Of Crores Unearthed: Punjab Minister
Punjab Finance Minister Harpal Singh Cheema has said an investigation by the state taxation department's enforcement wing exposed a fake billing scam worth thousands of crores.
-
Budget 2023: What's The Role Of Finance Bill
The Finance Bill is presented before the Parliament every year as part of the Union Budget documents. It is a Money Bill, which is used to implement changes in taxation proposed in the annual Budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1.
-
Apple Gets $105 Million Tax Bill in Japan for Bulk Sale of iPhone to Tourists: Report
The Tokyo unit of US technology giant Apple has been reportedly slapped with USD 105 million (14 billion yen) in additional taxes over bulk duty-free sales of iPhone smartphones and other Apple devices to foreign visitors. The report said that the Tokyo Regional Taxation Bureau found Apple Japan's approximately USD 1,04,16,84,000 (140 billion yen) ...
-
How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
-
CoinTracker Launches Services in India to Help Crypto Investors With Tax Compliance
One of the leading cryptocurrency tax compliance and portfolio tracking firms in the world, CoinTracker, has announced its India entry with an official product launch in a bid to help crypto investors track and gauge their tax liabilities at any time.
-
Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
-
How Proposed 1% TDS On Crypto Transactions Will Work
The Lok Sabha today approved the Finance Bill, which gives effect to new taxation on transactions involving digital assets. The bill proposes a 30 per cent tax on capital gains out of virtual digital assets.
-
Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For FY-2023
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
-
Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For 2022-23
The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.
-
India's New Tax Rule On Crypto Losses "Detrimental," Says Exchange Chief
The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...
-
Cryptocurrency Bill at Union Budget 2022: Here's What to Expect
The union government is unlikely to introduce any cryptocurrency regulation or bill in the upcoming budget session of parliament that end on April 8, but taxations rules for crypto holdings could be discussed soon as continued pressure for regulation begins to mount.
-
South Korea Pushes Back Plans to Tax Cryptocurrency Gains by a Year
The National Assembly of South Korea has passed a bill to push back crypto capital taxation by a year. The bill, for now, is set to be presented for clearance at a plenary session on December 2.
-
Cryptocurrency Trade Taxation in India: Finance Ministry Reportedly Forms Committee to Examine Scope
Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.
-
Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
