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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...

Investment documents pertaining to cryptocurrencies to the tune of Rs.34 lakh were also detected, a press statement from the DVAC said

AIADMK top leader Velumani, aides booked in disproportionate assets case

PGurus Newsdesk - March 16, 2022 1

Gold, unaccounted cash, cryptocurrency details seized in raid at ex-TN Minister Velumani's premises On Tuesday a fresh disproportionate assets case against AIADMK MLA and former...

MoS Finance, Pankaj Chaudhary says the accused have laundered proceeds of crime through virtual currency

ED investigating 7 cases of Cryptocurrency usage in money laundering, attaches Rs.135 crore

Team PGurus - March 14, 2022 0

Money laundering through cryptocurrency, foreign nationals & their Indian associates involved The Enforcement Directorate (ED) is investigating seven cases in which Cryptocurrency has been used...

China and Russia are the villains of peace in the world and we do not see any Churchill-type leader in USA or Europe to confront Putin and Xi Jinping

Territorial greed – Putin and Xi Jinping on the same page

N.S. Venkataraman - February 26, 2022 2

USA, NATO forces have guts & confidence to confront Putin and Xi Jinping? A few decades back, the Soviet Union and China claimed that they...

Apex court asks GOI to clarify its clear-as-mud policy on Cryptocurrency

Supreme Court asks Government to make clear its stand on the legality of Cryptocurrency...

Team PGurus - February 25, 2022 0

Bitcoin, other such currencies legal in India or not? SC quizzes Centre on cryptocurrencies The Supreme Court on Friday asked the Centre to make its...

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...

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...