Share via:
The MoS also said that the government cumulatively collected INR 705 Cr in taxes from VDA income between FY23 and FY24
Raids and surveys blew the lid off an additional INR 630 Cr of unreported income from such assets.
Profits from VDAs are taxed at 30%, along with surcharge and cess. An additional 1% tax is also deducted at source (TDS) on all VDA transactions
The income tax (I-T) department sent out 44,000 emails and messages to individuals for not filing…
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 MoS also said that the government cumulatively collected INR 705 Cr in taxes from VDA income between FY23 and FY24
Raids and surveys blew the lid off an additional INR 630 Cr of unreported income from such assets.
Profits from VDAs are taxed at 30%, along with surcharge and cess. An additional 1% tax is also deducted at source (TDS) on all VDA transactions
The income tax (I-T) department sent out 44,000 emails and messages to individuals for not filing…
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.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
