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Virtual digital assets News

03 Sep 2024

From India To South Korea, Crypto Exchanges Under Regulatory Lens

In 2022, the Indian government introduced a 30 per cent tax on virtual currencies and a 1 per cent deduction for every crypto transaction.

Central Board of Direct Taxes

01 Jul 2022

Will gift cards, reward points attract TDS on virtual digital assets?

The Central Board of Direct Taxes (CBDT) has now come up with a clarification. CDBT said that gift cards, mileage points, reward points, and loyalty cards will not come under the definition of VDAs.

23 Jun 2022

TDS on virtual digital assets from July 1: Read CBDT guidelines on crypto tax

The Central Board of Direct Taxes (CBDT) issued an FAQ on the TDS provisions on virtual digital assets (VDA) or cyptocurrencies, which was introduced in 2022-23 Budget and will be effective from July 1.

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