The Indian government has brought in some much-needed clarity—and cheer—in the matter of taxing digital token transactions. The union budget for 2022-23 had declared a 30% tax on income from cryptocur...
Tag: India
28% Tax on Crypto and Digital Assets in India?
It is no surprise that the cryptocurrency market has taken the world by storm, India included. The digital currency wave gained momentum in the country not too long ago and has now become an investmen...
YouTuber Paco de la India explains his travels using Bitcoin
A YouTuber started traveling the world to see whether he could survive solely on Bitcoin as a means of payment. In the latest episode of Cointelegraph’s ‘Crypto Stories’ series, Paco from India explai...
How Indian Cinema Became A Pan-India Business
MUMBAI, INDIA – MAY 30 : Anil Thadani attends the success bash for the ‘Bhool Bhulaiyaa 2’ film on … [+] May 30, 2022 in Mumbai, India (Photo by Prodip Guha/Getty Images) Getty...
India Clarifies Stance On Crypto Tax. A Smart Move or Massive Burden?
In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,00...
Travelers return to Southeast Asia but inflation could hurt recovery
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region...
India will consider 28% additional tax on crypto sales next week
? Want to work with us? CryptoSlate is hiring for a handful of positions! Federal and Finance Ministers of India will join a panel on 28-29 June to decide whether to implement an additional 28% tax on...
Ripple’s Job Advert Sparks Speculation Of Office, Workforce Expansion in India ⋆ ZyCrypto
Advertisement     Popular blockchain payments company Ripple Labs seems to be expanding its India operations. According to a recruitment ad posted on Linkedin, the com...
Hundreds Killed And Millions Evacuated In Devastating South Asia Floods
Topline More than 100 people were killed in severe flooding in Bangladesh, China and India this week, devastating cities and cropland, and forcing millions to evacuate. People are seen on a boat after...
Cricket’s Associate Member Directors Election Intensifies As India Eyes The ICC Chair
There will be a lot of intrigue at the upcoming AGM . (Photo by Steve Bardens-ICC/ICC via Getty … [+] Images) ICC via Getty Images Influential figures are set to contest the upcoming Associate M...
Australia, India, Singapore Help Fuel Executive Search Gains In Asia-Pacific As Covid Impact Wanes
“It’s a very good year,” says Boyden APAC board member William Farrell. Boyden Growing demand for business and engineering talent in Australia, India and Singapore is giving a boost to executive searc...
Indian And Pakistani Cricketers Set To Team Up In A Reboot Of The Afro-Asia Cup
Indan cricketer Santhakumaran Sreesanth (2-R) joined forces with Pakistani cricketers Shoaib Malik … [+] and Shahid Afridi during the Afro-Asia cup in 2007 (Photo by DIBYANGSHU SARKAR/AFP via Ge...
Electric Rickshaw Startup Oye! Rickshaw Charges Ahead In India
Delhi-based Oye! Rickshaw is electrifying the most popular form of transit in India: Auto-rickshaws. In India’s cutthroat ride-hailing market, companies like Uber and homegrown rival Ola have been goi...
Coin Tracker Is Offering Its Services to India
Coin Tracker – a crypto portfolio tracking and tax compliance company – is looking to offer its services to customers in India. Coin Tracker Travels into India The big question that likely comes to mi...
Coinbase Lays-off 8% of Staff in India Following Recent Market Turmoil
3 hours ago | 2 mins read Bitcoin News The company had intended to recruit over 1,000 people in India in 2022. Armstrong had blamed “informal pressure” from the central bank for suspending its UPI. Co...
RBI Proposes Separate Regulatory Body For Crypto Sector in India
38 mins ago | 2 mins read Editors News Last year, the government wanted to award the role of crypto regulation to SEBI. Stars might face heavy fines for promoting a false or deceptive claim in a comme...
Nume Raises $2M in Funding from Sequoia Capital India, Others to Facilitate Seamless Crypto Payments
Crypto payment gateway Nume Crypto generated funding from a host of VC firms to offer upcoming products NumePay and NumePay Business. Web3 payments startup Nume Crypto recently raised $2 million via a...
India Maintains 1% Tax-Deducted-At-Source For Crypto Assets ⋆ ZyCrypto
Advertisement     Many industry participants have decried India’s crypto tax regime as too harsh and discouraging innovation. As such, it was unsurprising to see a lev...
India Planning To Introduce Comprehensive Guidelines for Crypto Taxes ⋆ ZyCrypto
Advertisement     Following the tax proposals through the Union Budget 2022-23, the Indian government is now planning to issue comprehensive guidelines on various taxe...
Crypto Tax TDS Percent in India Rectified After Typo on Income Tax Website
4 hours ago | 2 mins read Altcoin News Several cryptocurrency platforms and investors took to social media to debate the issue. As of July 1, 2022, a 1% TDS will be applied to virtual digital assets. ...
MG India launches MGverse, a virtual car-based universe
The company from South Asia, MG India, is again a trend after announcing the development of an auto-linked to the virtual universe, whose project is named MGverse. Previously the Indian company had la...
India in Talks to Increase Russian Oil Imports From Rosneft
(Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international buyers turn d...
Luna 2.0 Airdrop Exposes Investors in India to Tax Burdens (Report) Luna 2.0 Airdrop Exposes Indian Investors to Tax Burdens
The crash of Luna and TerraUSDT and the launch of Luna 2.0 have unleashed a wave of taxation issues for investors in India. While the Terraform Labs team has worked out a recovery plan and launched Lu...
LUNA 2.0 airdrop attracts taxation of up to 30% in India
The LUNA 2.0 tokens obtained through the airdrop would be subject to a 30% tax in India. In addition, Indian crypto investors will be unable to offset losses with profits due to the country’s ta...
Is Walgreens Sale Of U.K. Boots Pharmacies Finally Near?
Speculation continues to swirl regarding Walgreens Boots Alliance sale of its Boots pharmacies in … [+] the United Kingdom, according to reports out of London and India June 3, 2022. Members of ...
CBDCs Will ‘Kill’ Crypto, Reserve Bank of India Governor Says
Reserve Bank of India Deputy Governor T. Rabi Sankar says with complete confidence that digital bank assets or CBDCs will ultimately pull the plug on cryptocurrencies such as Bitcoin, Ethereum, and ot...
Cryptocurrency Tax in India for Certain Transactions Likely To Be Exempted
2 hours ago | 2 mins read Bitcoin News Gifts of crypto will be taxed in the same way as any other asset. Cryptocurrency transactions are taxed at 30 percent under the Finance Act, 2022. The Indian gov...
CBDCs will ‘kill’ cryptocurrencies, says Reserve Bank of India Deputy Governor
The Reserve Bank of India (RBI) believes that the emergence of central bank-issued digital currencies (CBDCs) will mark an end to private cryptocurrencies. The bank’s deputy governor T. Rabi Sankar s...
Prada launches new fashion NFT, P2E games witness growth in India
Following its initial foray into the nonfungible token (NFT) space with the Adidas for Prada re-source project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Pra...