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The Central Board Of Direct Taxes found that some investors have violated the Income Tax Act by not declaring income gains on virtual digital assets
The direct tax authority has sent mails to thousands of taxpayers to recheck and update their income gains on crypto assets
According to Section 115BBH of Income Tax Act, 1961 inserted by the Finance Act, 2022, gains or income on VDA transactions are taxed at a flat 30% rate
The Central Board of Direct Taxes (CBDT) is…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The Central Board Of Direct Taxes found that some investors have violated the Income Tax Act by not declaring income gains on virtual digital assets
The direct tax authority has sent mails to thousands of taxpayers to recheck and update their income gains on crypto assets
According to Section 115BBH of Income Tax Act, 1961 inserted by the Finance Act, 2022, gains or income on VDA transactions are taxed at a flat 30% rate
The Central Board of Direct Taxes (CBDT) is…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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