/PRNewswire/ According to a Department of Justice press release, a federal court in Massachusetts authorized the service of a John Doe summons against.
Vidhi Centre for Legal Policy’s recent working paper recommends two courses - include cryptocurrencies in the classification of capital assets or stock-in-trade and clarify the nature of cryptocurrency.
The government is working on a set of FAQs (Frequently Asked Questions) on the taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.