All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH. Along with the capital gains tax, a 1% Tax Deducted at Source (TDS) fee is applied to crypto asset transfers. Any transaction exceeding Rs 50,000 in a given financial year, the TDS that is deducted will be reflected in 26 AS and the same can be claimed back when filing income tax return.
US port strike to hit Indian textile, pharma, auto part exports, push costs up 3x: GTRI
The ongoing strike at 14 major ports in the US is causing significant delays in unloading and processing shipments from India. This impacts goods like
October 3, 2024