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The Income Tax Department has drawn attention to serious concerns linked to virtual digital assets, including cryptocurrencies, reinforcing the caution earlier expressed by the Reserve Bank of India. The department pointed to issues such as user anonymity, cross-border fund movements, and the difficulty of tracing…
Cryptocurrency tax reporting is one of the most complex areas in personal finance. With thousands of tokens, multiple blockchains, and diverse transaction types (staking, swapping, bridging, lending, etc.), calculating gains accurately is no small feat. Crypto tax tools like Koinly, CoinTracker, Accointing, ZenLedger, and others…
The Indian government has taken significant steps to curb black money and undisclosed foreign assets held by residents outside the country. One of the key legal tools in this effort is the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.