In the Budget 2022, the government proposed to levy income tax on crypto assets. It was proposed that from April 1, a 30 per cent I-T plus cess and surcharges would be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions.
Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
Excelsior Correspondent Srinagar, Mar 19: The Central Bureau of Investigations (CBI) has booked former chairman of Jammu and Kashmir Bank Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due to loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents. In addition to officials of the bank, the Central Bureau of Investigation (CBI) has also booked REI Agro chairman Sanjay Jhunjhunwala, and Vice President […]
The CBI on Friday booked former J&K Bank chairman and 18 others for causing a loss of Rs 800 crore to the bank by granting loans in violation of laid down guidelines.The CBI has booked former chairman Mushtaq Ahmad Sheikh and others .