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"A tax burden where taxes exceed revenues will not only make the online gaming industry unviable but also boost black-market operators"
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"A tax burden where taxes exceed revenues will not only make the online gaming industry unviable but also boost black-market operators"
There shall be no TCS for payments amounting to less than Rs. 7 lakhs per financial year per individual through any mode of payment,...
Post this amendment, any foreign remittance above $250,000 made through a credit card will require prior approval from RBI
The move comes soon after the IT Ministry proposed amendments to the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020
India's Finance Minister Nirmala Sitharaman answered in Lok Sabha that the RBI wants a ban on cryptocurrency, but international consensus is required first
India's central tax authority issues guidelines to clear up confusion over the application of 1% TDS on crypto assets from July 1, 2022.
How mandatory GST registration specifically hurts the online travel sector was also brought up.
Sitharaman made these remarks on a panel deliberating the role of digital money and its regulatory future.
While there is no clear definition of cryptocurrency in the GST law, the government might be looking to change that.
MPs across the board voiced their opinion on the rights and wrongs of the crypto tax that's set to take effect from April 1.
