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In this post we will discuss all aspects about What to do when you receive Notice u/s 148 in India? This is a long article so buckle up. An income tax notice under section 148 of the Income Tax Act is a notice issued by…
Yesterday, Government issued a notification wherein Crypto was brought under Anti-Money Laundering Law in India 2024. The Indian government extended the scope of the Prevention of Money Laundering Act (PMLA) to include digital assets, including cryptocurrencies, fiat currencies, virtual digital assets, and other related financial…
The recently released 2023 ITR Forms have separate section for crypto income. This interesting change is seen in Income Tax Return Form 1 (ITR-1) and Income Tax Return Form 2 (ITR-2) so far. A separate schedule has been added for reporting income from crypto and…