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Regressive: India's crypto sector hits out at FinMin's crypto tax clarifications

After the clarification from the minister of state for finance in Lok Sabha regarding the taxation on virtual digital assets (VDA), India’s crypto industry has come out strongly against the proposed rules. ....

Coinswitch Kuber , Sumit Gupta Coin , Sumit Gupta , Nischal Shardeum , Lok Sabha , Ashish Singhal , Nischal Shetty , Income Tax Act , Virtual Digital Asset , Nischal Shetty , Coinswitch Kuber ,

'Detrimental and regressive': India to tax each crypto investment independently – TechCrunch

India’s proposed taxation law of crypto, going into effect April 1, won’t permit individuals to offset loss from one asset against profit of another. ....

New Delhi , Coinswitch Kuber , Nischal Shardeum , Naimish Sanghvi Thatnaimish , Ashish Singhal , Andreessen Horowitz Backed Coinswitch Kuber , Discouraging Innovation , Indian Government , Indian Crypto , Naimish Sanghvi ,

WazirX co-founder Nischal Shetty clarifies on queries about 'transitioning out'

Shetty, in a tweet, added, "If I intend to, YOU will hear it from me first, and not from 'sources'". ....

Sameer Mhatre , Siddharth Menon , Nischal Shardeum , Nischal Shetty , Wazirx Nischal Shetty , Ischal Shetty Quitting Wazirx , Nischal Shetty Wazirx ,

Why Taxing Cryptos Still Does Not Make Them Legal

In a country with low financial literacy, the government has a duty to explain its stand clearly and unambiguously when it takes the first step towards taxing or regulating a new and confusing ‘financial asset’. ....

United States , El Salvador , Tamil Nadu , Nirmala Sitharaman , Siddharth Wazirx Buddhasource , Nischal Shardeum , Al Capone , Supreme Court , Bloomberg Television India , National Democratic Alliance , Us Supreme Court , Madras High Court , Reserve Bank , Indian Crypto , Build For Crypto , Bloomberg Television , Lord Haldane , Income Tax Act , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,

Government's Ambiguity Has Created Space To Mislead Crypto Traders

In a country with low financial literacy, the government has a duty to explain its stand clearly and unambiguously when it takes the first step towards taxing or regulating a new and confusing ‘financial asset’. ....

United States , El Salvador , Tamil Nadu , Nirmala Sitharaman , Siddharth Wazirx Buddhasource , Nischal Shardeum , Al Capone , Supreme Court , Bloomberg Television India , National Democratic Alliance , Us Supreme Court , Madras High Court , Reserve Bank , Indian Crypto , Build For Crypto , Bloomberg Television , Lord Haldane , Income Tax Act , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,