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In the Budget speech, FM Sitharaman proposed that any income from the transfer of any virtual digital asset will be taxed at the rate of 30%

Budget 2022: Transfer of digital asset to be taxed at 30%, says FM Sitharaman

PGurus Newsdesk - February 1, 2022 1

FM Sitharaman announces 30% tax on virtual assets The Union Finance Minister Nirmala Sitharaman said that the income from virtual assets will be taxed at...

The agency arrested Prince Jasvantlal Anand from Mumbai on Thursday after a coordinated search operation

CBI nabs cybercrime kingpin fleecing Canadian, US citizens online

Team PGurus - June 27, 2025 1

CBI nabs Prince Jasvantlal Anand 'kingpin' of 'Royal Tiger Gang' fleecing Canadian, US citizens online In a crackdown against a cybercrime syndicate, the Central Bureau of...

Compliance under PMLA, demands reporting entities’ registration and adherence to regulatory norms like KYC, transaction records, and reporting of suspicious activities

28 crypto/ VDA platforms register with FIU-India to comply with PMLA norms

Team PGurus - December 4, 2023 0

Offshore crypto exchanges must register with India’s FIU: Finance Ministry As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX, and...

On July 11, the GST council decided that there will be a 28 percent GST levy on full value of gaming, horse racing and casinos

GST council to take final call on 28% levy on online gaming, casinos &...

PGurus Newsdesk - August 2, 2023 1

Key decision on 28% tax on online gaming expected in today’s GST council meeting On Wednesday, the GST council will take a final call on...

Any participation in transactions involving virtual digital assets or cryptocurrency would come under the PMLA, the Centre has said

India imposes money laundering regulations on crypto transactions

PGurus Newsdesk - March 8, 2023 2

The exchange between virtual digital assets and fiat currencies to come under PMLA The Indian government has taken a major step to regulate the cryptocurrency...

One thing GOI loves to do - tax its citizens… Have they put enough thought into this or is it the case of killing the goose that lays golden eggs?

Income Tax Department says buyer to deduct TDS on peer-to-peer Cryptocoin kind VDA transactions

Team PGurus - June 28, 2022 0

CBDT issues clarification on TDS provision applicable on transfer of VDAs Further tightening the Cryptocoin trading in India, the Income Tax Department on Tuesday said...

In the eyes of the Finance Ministry, is a virtual asset (i. e. NFT) the same as a real asset e. g. stock, gold?

Finance Ministry proposes amendments to Finance Bill to tighten norms for Cryptocurrency taxation in...

Team PGurus - March 24, 2022 1

Finance Ministry proposes to remove the word 'other' from section relating to set off of losses from gains in VDA India’s Finance Ministry on Thursday...

Crypto tax on gains but no deductions on losses incurred, says Government of India

Crypto mining cost or loss in Crypto not to be allowed as deduction under...

Team PGurus - March 22, 2022 0

Govt of India clarifies a straight tax of 30% for profit The Government of India on Monday informed Parliament that no kind of deduction or...

Warnings like the Cigarette-Smoking-is-injurious… to be mandated for crypto ads by the Indian government

New norms for Cryptocurrency Advertisers in India. Must carry ‘unregulated’, ‘can be highly risky’...

Team PGurus - February 23, 2022 1

A timely reminder to the investors of the risks involved in trading cryptos In a bid to warn the investors of the illegal cryptocurrency, the...

Nirmala Sitharaman's statement on Crypto Currencies leaves many unanswered questions

Crypto Currencies: India not going to legalize or ban. But will tax 30% on...

Team PGurus - February 11, 2022 0

Hands-off policy on Crypto Currencies by GOI an interesting stand Finance Minister Nirmala Sitharaman on Friday told the Parliament that the government at this stage...