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Crypto players welcome tax move for legitimising bets on risky assets, even as law awaits

The crypto ecosystem has welcomed Finance Minister Nirmala Sitharaman's proposal for a 30 per cent tax on digital assets for legitimising bets on the assets considered as very risky by the RBI, even as a law on regulating such activity is awaited. In her Budget Speech, Sitharaman has proposed the tax on income generated at the sale of any digital asset without any deductions,

From scrapping retro tax law to record GST mop-up, 2021 a year of many firsts for revenue dept

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the.

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